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Class 10 > When a plot is sold for Rs 18,700 the owner loses 15%....
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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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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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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
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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
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A results-driven education professional with nearly 19 years of experience.

renu sundriyal 25,300
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Certified Math's & Quants Teacher. Expertise in CAT, GRE, GMAT & IGCSE, ICSE, CBSE, IB Board Exams.

Cost Price = ₹22,000 Selling Price for 15% gain = ₹25,300 So basically, if you sold it for ₹18,700, you cried a little. To make a 15% gain, sell it for ₹25,300 and laugh like a villain in a Bollywood movie: "Mwahaha… profit aa gaya!"
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Cost Price = ₹22,000 Selling Price for 15% gain = ₹25,300 So basically, if you sold it for ₹18,700, you cried a little. To make a 15% gain, sell it for ₹25,300 and laugh like a villain in a Bollywood movie: "Mwahaha… profit aa gaya!" read less
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