Correct option is C
Given:
Selling Price (SP) = Rs. 52,500
Loss Percentage = 25%
Formula Used:
SP = CP − Loss
Solution:
The loss is 25% of the cost price. Therefore:
Loss = 25% of CP = 0.25 × CP
Substitute the value of loss (0.25 × CP) into the equation:
SP = CP − 0.25 × CP
SP = 0.75 × CP
We know the selling price (SP) is Rs. 52,500, so we can set up the equation:
52,500 = 0.75 × CP
CP = 70,000
Now
Loss = CP − SP
Loss = 70,000 − 52,500
Loss = 17,500
Thus Ram’s loss is Rs. 17,500.