Question : Ram sold a plot for Rs. 4,00,000 at a 20% loss. For what price should he sell the plot to gain a 5% profit?
Option 1: Rs. 5,25,000
Option 2: Rs. 5,20,000
Option 3: Rs. 5,00,000
Option 4: Rs. 5,05,000
Answer (1)
24th Jan, 2024
Correct Answer: Rs. 5,25,000
Solution :
Here CP denotes the cost price, and SP denotes the selling price.
Let CP be Rs.
Now, SP after 20% loss
And, SP after 5% profit
According to the question,
So,
Hence, the correct answer is Rs. 5,25,000.
Comments (0)
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