Question

Urgent !!!
The owner of a plot sold the plot for Rs. 18,700, the owner loses 15%. At what price must that plot is sold in order to gain 15%?
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Answer 1

Answer:

Rs. 25300

Step-by-step explanation:

SP(old)=Rs. 18700

loss=15%

so CP=Rs. 22000

now profit=15%

so SP (new)=Rs. 25300

Answer 2

Answer:

Sp:selling price ; Cp:cost price.

Sp=18700 , loss=15%,;

Cp-Sp/100=loss.

Cp-18700/100=85. (15%on base 100).

Cp=22000

Now we find Cp I.e 22000.

Now to get 15%proffit we have to sell at -

Sp-Cp/100=gain.

Sp-22000/100=115.(15%extra on base 100).

Sp=25,300.