when a house is sold for Rs. 18700,the owner loses 15%. At what price must that plot be sold in order to gain 15%
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A plot is sold for Rs. 18,700 with a loss of 15%. At what price it should be sold to get profit of 15%.
Rs 25300Rs 22300Rs 24300Rs 21300
Answer: Option A
Explanation:
This type of question can be easily and quickly solved as following:
Let at Rs x it can earn 15% pr0fit
85:18700 = 115:x [as, loss = 100 -15, Profit = 100 +15]
x = (18700*115)/85
= Rs.25300
Rs 25300Rs 22300Rs 24300Rs 21300
Answer: Option A
Explanation:
This type of question can be easily and quickly solved as following:
Let at Rs x it can earn 15% pr0fit
85:18700 = 115:x [as, loss = 100 -15, Profit = 100 +15]
x = (18700*115)/85
= Rs.25300
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