SSC CHSL Model Paper 12

Question : 52 of 100

Marks: +1, -0

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

Solution:

Using the simple formula:
When an item is sold for Rs. A, the owner loses a%. At what price must that same item be sold in order to gain b%.
Then, price =

A ×{100+ b}/{100-a}

So, price of plot

= 18,700 × {100+ 15}/{100-15}

= 18700 ×115/85=

Rs.25,300

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