Question

When a plot is sold for Rs. 19200, the owner loses 20%. At what price must that plot be sold in order to gain 15%?

• A. Rs. 24000
• B. Rs. 25200
• C. Rs. 26400
• D. Rs. 27600
• E. None of the above

Answer 1

The correct option is D Rs. 27600

Actual value of plot $=\frac{19200}{80}\times 100=Rs.24000$
To gain 15%, the price must be $=24000\times \frac{115}{100}=Rs.27600$