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%?
1 answer:
Answer: Rs. 25,300
Step-by-step explanation:
First find the original price of the plot:
Assume this price is x:
x * ( 1 - 15%) = 18,700
0.85x = 18,700
x = 18,700/0.85
x = Rs. 22,000
To make a gain of 15%, sell at:
= 22,000 * (1 + 15%)
= 22,000 * 1.15
= Rs. 25,300
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