A radio dealer sold radio at a loss of 2.5%. Had he sold it for Rs. 100 more, he would have gained 7 1/ 2 %. In order to gain 12 1/ 2 % he should sell it for?

Rs. 850
Rs. 925
Rs. 1080
Rs. 1125

Correct Answer: Rs. 1125

Explanation:

It is clear that (2.5% of C.P. + 7.5% of C.P.) = 100
∴ C.P. = Rs. 1000
Now, gain = 12¹/₂
So, Required S.P. = 112¹/₂% of C.P.
= Rs. (225 / 200) x 1000
= Rs. 1125

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