Sohan sold a plot for Rs.2,55,000 at a 15% loss. At what price should he sell the plot to gain a 10% profit?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e Rs.3,30,000
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Understanding |
Application |
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15% loss means 85% of cost price. 10% profit means 110% of cost price. |
(85%)/(110%)=255000/x x = (255000×110)/85 x = 330000 |