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When a plot is sold for Rs 18 700 the owner...

This question belongs to Arithmetic Ability Profit And Loss
Profit and Loss
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When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?

Answer & Solution
Correct Answer: Option C
$$\eqalign{ & 85:18700 = 115:x \cr & \Rightarrow x = {\frac{{18700 \times 115}}{{85}}} = 25300 \cr & {\text{Hence,}}\,{\text{S}}{\text{.P}}{\text{.}} = Rs.\,25300 \cr} $$
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2 Comments
Md Helal
Md Helal 8 years ago
ATQ,
85% ≡ 18700
115% ≡ 18700*115/85 = 25300
Solved by : MD.Helal Uddin
Ananda Krishnan
Ananda Krishnan 9 years ago
Let x be the originalcost
x-15%x = 18700
x(1-15/100) = 18700
85x = 18700
x = 22000
15%x=22000*15/100 = 3300
22000+3300 = 25300.

Just tried it out..The solution provided is more simple.I just got a little confused.
Cheers and have a nice day.
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