Question

when a plot is sold for rs.18700 the owner looses 15%. At what price must that plot be sold in order to gain 15%.

Answer 1

Answer:

let the C.P. be x

loss= 15% of C.P.

loss = 15/100× x=3x/20

therefore S.P. = C.P. - loss

S.P. = x-3x/20= 17x/20

given S.P. = 18700

therefore according to the question

17x/20 = 18700

x= 18700×20/17

x= 22000

C.P. = 22000

profit%= 15%

profit= 15% of C.P.

profit = 15/100×22000=3300

therefore S.P. = C.P. + profit

S.P. = ₹(22000+3300) = ₹25300

answer ₹25300

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