When a plot is sold for ₹ 18,700, the owner loses 15%. At what price must the plot be sold in order to gain… · ABC26GN2625

Subject: General Aptitude · Chapter: Profit and Loss · Exam: A.A.O. Exam 2003

When a plot is sold for ₹ 18,700, the owner loses 15\%. At what price must the plot be sold in order to gain 15\%?

(a)₹ 21,000

(b)₹ 22,500

(c)₹ 25,300

(d)₹ 25,800

Answer

Answer (as printed): C

Explanation

Let the new S.P. be ₹ $x$. $$\text { Then, } 85: 18700=115: x \Rightarrow x=\left(\frac{18700 \times 115}{85}\right)=25300 \text {. }$$

Explanation as extracted from the printed page; notation may be imperfect.

Study loop for Profit and Loss