Naeem sold a computer for Rs 25000 at which he suffered 20% loss. Find the purchase price of the computer?
- 31000
- 41250
- 31250
- None of these
Explanation
Let's find the purchase price (cost price):
Selling price = Rs 25,000
Loss percentage = 20%
Let the cost price be x.
Since Naeem suffered a 20% loss:
Selling price = Cost price - Loss
25,000 = x - 0.20x
25,000 = 0.80x
Divide both sides by 0.80:
x = 25,000 / 0.80
x = 31,250
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