Ram sold plot for ₹6,55,000 at 20% loss. For what price should he sell the plot to gain 15% profit ?
Answer & explanation
Correct answer: option 4
The selling price of the plot = 6,55,000
Loss% = 20%
Cost price = 6,55,000 × \(\frac{100}{80}\) = 818750
Profit he wants = 15%
Now the selling price at 15% profit of the plot = 115% of 818750 = ₹9,41.562.50