Correct Answer - Option 2 : 82.96 lacs

**Given:**

Harsh purchased a home from Abhishek for Rs. 80 lakhs.

Had Abhishek bought the home for Rs. 3 lakhs more, his profit % would have been 25%.

Abhishek should have sold the home to incur a profit of 36%.

**Formula Used:**

Profit or Gain = Selling price – Cost Price

Loss = Cost Price – Selling Price

Profit percentage = (Profit/Cost Price) x 100

Loss percentage = (Loss/Cost price) x 100

**Calculation:**

Selling price for Abhishek is Rs. 80 lacs and profit is 25%

Cost price = Rs. (80 × 100/125)lacs = 64 lacs

This is not the actual cost price; this is the increased cost price when he earns 25% profit

Actual cost price = Rs. (64- 3) lacs = 61 lacs

Required selling price = 61 × 1.36 = 82.96 lacs

∴ The selling price should be Rs. 82.96 lacs.