Question

When an article is sold for $18,700$, the owner loses $15\%$. At what price must the item be sold in order to gain $15\%$?

• A. $21,000$
• B. $22,500$
• C. $25,300$
• D. $25,800$

Answer 1

Answer: (C)

$25,300$

$SP=18700$, loss $=15\%$
If $SP=85$, $CP=100$
If $SP=18,700$, then $CP=\frac{100}{85}\times 18700$
To gain 15%, SP should be $\frac{100}{85}\times 18700\times \frac{115}{100}=25300$