Aptitude - Profit and Loss - Discussion

Discussion Forum : Profit and Loss - General Questions (Q.No. 12)
12.
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%?
Rs. 21,000
Rs. 22,500
Rs. 25,300
Rs. 25,800
Answer: Option
Explanation:

85 : 18700 = 115 : x

x = 18700 x 115 = 25300.
85

Hence, S.P. = Rs. 25,300.

Discussion:
83 comments Page 8 of 9.

Avijeet said:   1 decade ago
CP=100*18700/(100-15)= 22000 {CP=100*SP/(100-loss}

SP=(100+15)*22000/100=25300 {SP=(100+gain)*CP/100}

Dhiraj said:   1 decade ago
Yah juhi your are right.

Juhi said:   1 decade ago
It is very simple.

Calculate cp as: 100/100-15*18700 = 22000

Calculate sp as: 22000+15/100*22000 = 22000+3300 = 25300.

Kiran said:   1 decade ago
Calculate Cost price by applying formula
= 100 * sp/100-loss%

and then add it in S.P. of Rs. 18700

Satendra said:   1 decade ago
When he sold 18700 getting 15/. Loss it means his c.p. Is 20000 if he want to get 15/. Profit he should be sell at 20300 this will be ans

Prashant said:   1 decade ago
Snehal the answer suggested by jegadeesh. Is absolutely easy to understand. And the explanation suggested by them is not proper. !

Shafiq said:   1 decade ago
When you are calculating 1percent of 18700, you have divided 18700 with 85. But 85 is 85%. Please explain it.
(1)

K.RajeshReddy said:   1 decade ago
The formula for to find gain percentage is
Here 85 is to loss of 15% and
115 is to gain of 15% So, totally 85:18700=115:?

Jegadeesh said:   1 decade ago
He sell at 18700 he got a loss of 15% means, This 18700 is 85% not 100%.

To get 1% : 18700/85=220; Then 220 is 1%.

To get 100% : 220*100=22000.

To get 115% : 220*115=25300.
(5)

Snehal said:   2 decades ago
How you hav done 85:18700=115:? please tell me.
(1)


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