When an item is sold for Rs. 18,700, the owner loses 15%. At what price should that plot be sold to get a gain of 15%? a)Rs. 25100b)Rs. 24200c)Rs. 25300d)Rs. 21200Correct answer is option 'C'. Can you explain this answer?

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When an item is sold for Rs. 18,700, the owner loses 15%. At what price should that plot be sold to get a gain of 15%?

a)
Rs. 25100
b)
Rs. 24200
c)
Rs. 25300
d)
Rs. 21200

Correct answer is option 'C'. Can you explain this answer?

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Verified Answer

When an item is sold for Rs. 18,700, the owner loses 15%. At what pric...

First we find CP.

If SP is Rs. 85 then CP = Rs 100

If SP is Rs. 18,700, then

CP =

= Rs 22,000

Now, if CP is Rs 100, then SP = Rs. 115

Thus, if CP is Rs. 22,000, then

SP =

=Rs 25,300

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Most Upvoted Answer

When an item is sold for Rs. 18,700, the owner loses 15%. At what pric...

Solution:

Let the cost price of the plot be x.

Given, selling price of the plot = Rs. 18,700 and loss = 15%

We know that, Loss = Cost price - Selling price

15% of x = x - 18700

0.15x = x - 18700

0.85x = 18700

x = 18700/0.85 = Rs. 22,000

Therefore, the cost price of the plot is Rs. 22,000.

To get a gain of 15%, the selling price should be:

Selling price = Cost price + Profit

Profit = 15% of Cost price = 0.15 * 22000 = Rs. 3300

Selling price = Cost price + Profit = 22000 + 3300 = Rs. 25,300

Hence, the plot should be sold at Rs. 25,300 to get a gain of 15%. The correct option is (c).

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When an item is sold for Rs. 18,700, the owner loses 15%. At what price should that plot be sold to get a gain of 15%? a)Rs. 25100b)Rs. 24200c)Rs. 25300d)Rs. 21200Correct answer is option 'C'. Can you explain this answer?

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When an item is sold for Rs. 18,700, the owner loses 15%. At what price should that plot be sold to get a gain of 15%? a)Rs. 25100b)Rs. 24200c)Rs. 25300d)Rs. 21200Correct answer is option 'C'. Can you explain this answer? for Quant 2025 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about When an item is sold for Rs. 18,700, the owner loses 15%. At what price should that plot be sold to get a gain of 15%? a)Rs. 25100b)Rs. 24200c)Rs. 25300d)Rs. 21200Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Quant 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When an item is sold for Rs. 18,700, the owner loses 15%. At what price should that plot be sold to get a gain of 15%? a)Rs. 25100b)Rs. 24200c)Rs. 25300d)Rs. 21200Correct answer is option 'C'. Can you explain this answer?.

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