1.

By selling a plot for Rs. 40,50,000 a man gets 10% loss, and then at what price (in Rs) should he sell to gain 20%?1. 55,00,0002. 45,00,0003. 54,00,0004. 50,00,0005. None of the above

Answer» Correct Answer - Option 3 : 54,00,000

Calculation:

Selling Price = 40,50,000

Let the CP of the plot be x

∴ 40,50,000 = x – (x × 10%)

⇒ 40,50,000 = 9x/10

⇒ x = 45,00,000

CP = 45,00,000

So, SP to get 20% profit

⇒ 45,00,000 + (4500000 × 20%)

⇒ 54,00,000

He should sell at 54,00,000. 



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