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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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Rs. 25300.

The plot is sold at 15% loss. So 18,700 is 85% of the original price Therefore, The original price is (18,700÷85)×100 = 22000 15% gain is 3,300. So the answer is 22,000+3,300 = 25,300

Accounting And Maths Teacher

Rs. 25300/-.

sellingprice=((100-loss%)/100)*costprice; 18700=((100-15)/100)*costprice; costprice=22,000. sellingprice=((100+gain%)/100)*costprice; sellingprice=((100+15)/100)*22000; =25,300 ans

Internal Auditor, Financial Analyst

Since plot is sold at 18,700 which is at 15% loss. Therefore, 18700 is 85% (100-15) of original cost. Therefore, original cost is 18700/85% = 22,000. For profit of 15% over cost, we will have to sell it at = Rs. 25,300

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