Quantitative Aptitude • Percentage, Profit & LossMedium
By selling a shirt for ₹975, a shopkeeper loses 25%. What was the cost price?
A. ₹1,300✓ Correct Answer
B. ₹1,000
C. ₹731.25
D. ₹1,218.75
💡 Solution & Explanation
A 25% loss means the selling price is 75% of the cost price. So cost price = ₹975 × 100 ÷ 75 = ₹1,300. Check: 25% of ₹1,300 is ₹325, and ₹1,300 − ₹325 = ₹975. Adding 25% to ₹975 gives ₹1,218.75, which is wrong because the loss is a percentage of the cost, not of the selling price.
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