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Discussion :: Profit and Loss

  1. By selling a property for Rs 45000 a person incurs a loss of 10%. Find the selling price to gain the profit of 15 %?

    2. A.
    55000
    B.
    60000
    C.
    57500
    D.
    58000

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    Answer : Option C

    Explanation :

    S.P = 45000
    Loss% = 10%

    Apply formula:

    C.P = (100)/ (100- L %)) * S.P

    C.P = (100/ (100-10))* 45000
    C.P= (100/90) * 45000
    C.P = 50000

    Now, to gain the profit of 15%:

    Apply formula:

    S.P = ((100+P %) /100) * C.P

    S.P = ((100+15)/100) * 50000
    S.P = (115/100)* 50000

    S.P = 57500

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