Question

Sohan sold a plot for  Rs 2,55,000at a 15% loss. At what price should he sell the plot to gain a 10% profit?
1. Rs 3,00,000
2. Rs 3,33,000
3. Rs 3,30,000
4. Rs 3,33,300

Answer 1

Correct Answer - Option 3 : Rs 3,30,000

Given :

Sohan sold his plot at 15% loss for 255000 rupees 

Formula used :

Selling price(at profit) = Cost price + Profit on cost price 

Selling price(at loss) = Cost price - loss on cost price 

Calculations :

Let the cost price be 'C' 

According to the question 

Selling price = C - 15% of C 

255000 = C - 15% of C 

⇒ C = 300000 rupees 

Now Selling price at 10% profit 

Selling price = 300000 + 10% of 300000

⇒ 300000 + 30000 

⇒ 330000 rupees 

∴ Selling price at 10% profit will be Rs 330000.