When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?
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Let the C.P of the plot be x
Then loss=15x/100=3x/20
S.P=x-(3x/20)=17x/20.
Now,according to question 17x/20=Rs18,700⇒x=(18,700×17)/20=Rs15895
C.P=Rs15895
Now C.P=Rs15895 Gain=15%
so,SP=(115/100)×15895=Rs18382.75
Then loss=15x/100=3x/20
S.P=x-(3x/20)=17x/20.
Now,according to question 17x/20=Rs18,700⇒x=(18,700×17)/20=Rs15895
C.P=Rs15895
Now C.P=Rs15895 Gain=15%
so,SP=(115/100)×15895=Rs18382.75
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