Question 65

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?

Solution

Let the cost price of the plot = CP

Given, loss% = 15%

Selling price of the plot = $$₹ 2,55,000$$

$$=$$> $$\frac{85}{100}\text{CP}=255000$$

$$=$$> $$\text{CP}=255000\times\frac{100}{85}$$

$$=$$> $$\text{CP}=₹ 300000$$

When gain is 10%,

Selling price of the article = $$\frac{110}{100}\times300000=₹ 330000$$

Hence, the correct answer is Option C

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