Question

By selling a house for Rs 400000; a person loses 20%. To get gain of 15% at what price should the house be sold?

Answer 1

$\textbf {Hey there, here is the solution.}$

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Find the cost price of the house:

100 - 20 = 80%

80% = Rs 400,000

1% = 400,000 ÷ 80 = Rs 5000

100% = 5000 x 100 = Rs 500,000

Find the selling price to gain 15%:

15% x 500,000 = 0.15 x 500,000 = Rs 75,000

500,000 + 75,000 = Rs 575,000

Answer: The sold should be sold for Rs575,000

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⭐$\textbf {Cheers}$⭐

Answer 2

Solution -
SP of house = 400000
Loss = 20%
CP =( 100/100/20*400000)= 50000015%
Now -
CP = 500000
Gain = 15%
SP = (100+15/100*500000)
SP = 575000 Ans (house sold)