Question

by selling a house for Rs 400,00 a person loses 20 percent . to get gain of 15 percent at price should the house be sold ?

Answer 1

Answer: 57500

Step-by-step explanation:

Selling Price (SP) = 40000

Loss % = 20

Cost Price (CP)

Loss % = ([CP-SP]/CP) * 100

      20 = ([CP-40000]/CP) * 100

      20*CP = ([CP-40000] * 100

      2*CP = ([CP-40000] * 10

      CP = ([CP-40000]* 5

      CP = [5*CP-200000]

      200000 = [5*CP- CP]

      200000 = 4*CP

CP = 50000

Profit = 15 %

P% = [SP - CP] / CP *100

15*500 = SP - 50000

7500 = SP - 50000

SP =  50000 + 7500

    = 57500 /-