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

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