Sohan sold a plot for ₹2,55,000 at a 15% loss. At what price should he sell the plot to gain a 10% profit?
Answer & explanation
Correct answer: option 2
The selling price of the plot = 2,55,000
Loss = 15%
Profit he wants = 10%
So according to the question,
85% of the CP = 2,55,000
115% of the CP = 2,55,000 × \(\frac{110}{85}\) = ₹3,30,000