By selling a property for Rs 45000 a person incurs a loss of 10%. Find the selling price to gain the profit of 15 %?
| Question | By selling a property for Rs 45000 a person incurs a loss of 10%. Find the selling price to gain the profit of 15 %? | |
| Type | multiple_choice | |
| Option | 55000 | incorrect |
| Option | 60000 | incorrect |
| Option | 57500 | correct |
| Option | 58000 | incorrect |
| Solution | S.P = 45000 Loss% = 10% Apply formula: C.P = (100)/ (100- L %)) * S.P C.P = (100/ (100-10))* 45000 C.P= (100/90) * 45000 C.P = 50000 Now, to gain the profit of 15%: Apply formula: S.P = ((100+P %) /100) * C.P S.P = ((100+15)/100) * 50000 S.P = (115/100)* 50000 S.P = 57500 | |