Difficulty: Easy
Correct Answer: Rs 783.33
Explanation:
Introduction / Context:
A linear relation links profit at one selling price to loss at another when the cost price (CP) is fixed. Once CP is found, any target-gain selling price is straightforward.
Given Data / Assumptions:
Concept / Approach:
Let CP = x. Then P = 900 − x and L = x − 490. Given P = 2L, solve for x. Then required price for 25% profit is 1.25x.
Step-by-Step Solution:
Verification / Alternative check:
Check P at Rs 900 is ≈ 273.33; L at Rs 490 is ≈ 136.67; indeed P ≈ 2L.
Why Other Options Are Wrong:
Rs 750, 775, 800, 825 do not equal 2350/3 and would not give exactly 25% on the computed CP.
Common Pitfalls:
Setting P = L instead of P = 2L or computing 25% profit on the selling price instead of CP.
Final Answer:
Rs 783.33
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