Question

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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Answer 1

Answer:

Rs. 25,300

Step-by-step explanation:

SP = 18700

Loss = 15%

So, the 18700 is 85% of Original price.

Now, owner wants to sell by gaining with 15%. So, we need to find 115% of 18700.  

[already 15% loss and new gain is 15%. 85+15=100; 100+15=115]

85% = 18700

115% = ?

= (115×18700) ÷ 85

= 25300

For making 15%, the SP should be Rs. 25,300