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Profit and Loss

Q1: 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%?

A Rs. 21,000

B Rs. 22,500

C Rs. 25,300

D Rs. 25,800

ANS:C - Rs. 25,300

85 : 18700 = 115 : x

 x = 18700 x 115 = 25300.
85
Hence, S.P. = Rs. 25,300.



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