Profit and Loss

Solve the question of and select the option from the choices A through D/E. Check your Answer and view the explanation.

Question: 8

A plot is sold for Rs. 18,700 with a loss of 15%. At what price it should be sold to get profit of 15%.

Rs 25300
Rs 22300
Rs 24300
Rs 21300

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Correct Answer: A

Let at Rs x it can earn 15% profit

85:18700 = 115 : x [as, loss = 100 -15, Profit = 100 + 15]

x = $\frac{18700 × 115}{75}$

Rs. 25300

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