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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%?
  1. 21000
  2. 22000
  3. 25300
  4. 25800
Explanation

Given:

Selling Price (SP₁) = Rs. 18,700

Loss = 15%

So, Cost Price (CP) = SP1 × 100/100-15 = 18,700×100 = 22,000

To gain 15%,

Now Selling Price (SP2) = CP × 115/100 = 22,000 × 1.15 = 25,300

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