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When a plot is sold for $₹$ 18,700, the owner loses 15 %. At what price must that plot be sold in order to gain 15 %?

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21,000

25,800

22,500

25,300

answer is C.

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Detailed Solution

Selling price of plot at $15 %$ loss $= ₹ 18700$

Selling price to gain $15 %$ profit

$= \frac{18700}{85} \times 115 = ₹ 25, 300$

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