Rajdeep loses 20% by selling a radio for ₹ 768. What percent will he gain by selling if for ₹ 1020?

7.25 %
5.25 %
6.25 %
8.25 %

Correct Answer: 6.25 %

Explanation:

SP = ₹ 768 and loss = 20%
∴ CP = (100/80) x 768 = (5/4) x 768 = ₹ 960
Now, CP = ₹ 960 and SP = ₹ 1020
Gain = 1020 - 960 = ₹ 60
∴ Gain% = (60/960) x 100% = 6.25%

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