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Madhya Pradesh Police Exam Model Paper 9
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© examsnet.com
Question : 61
Total: 100
By selling a plot of land for Rs. 45,000 a person loses 10%. At what price should he sell it to gain 15%?
Rs. 60,000
Rs. 57,500
Rs. 55,000
Rs. 50,000
Validate
Solution:
Given
:
Selling price of the land = Rs. 45,000
Loss% = 10%
Formula used:
CP = SP × 100/(100 – L%)SP = CP × (100 + P%)/100Here SP → Selling Price, CP → Cost Price, L% → Loss%, P% → Profit%
Calculation
:
CP
=
45000
×
100
/
(
100
–
10
)
⇒ CP
=
45000
×
10
/
9
=
50
,
000
New Selling price
=
C
P
×
(
100
+
15
)
/
100
⇒ New Selling price
=
50000
×
115
/
100
⇒ New Selling price
=
57500
∴ He should sell the land for Rs. 57,500 to gain 15%
© examsnet.com
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