By selling a property for Rs 45000 a person incurs a loss of 10%. Find the selling price to gain the profit of 15 %?
Answer & explanation
Correct answer: option 3
According to the question:
Selling price at a loss of 10% = Rs.45000
Cost price × 90% = 45000
Cost price = \(\frac{45000}{90%}\)
Selling price at a profit of 15% = C.P. × 115%
= \(\frac{45000}{90%}\) × 115%
= \(\frac{45000 }{90 }\) * 115
= Rs.57500