Practicing Success
Ram sold plot for ₹6,55,000 at 20% loss. For what price should he sell the plot to gain 15% profit ? |
₹7,41,562.50 ₹6,41,562.50 ₹8,41.562.50 ₹9,41.562.50 |
₹9,41.562.50 |
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 |