Question
Download Solution PDFRam sold a plot for Rs. 4,00,000 at a 20% loss. For what price should he sell the plot to gain a 5% profit?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
SP = Rs. 4,00,000
Loss% = 20%
New Profit = 5%
Calculation:
Let CP be 100x
Now, SP after 20% loss = Rs. 100x × (100 – 20)%
⇒ Rs. 80x
And, SP after 5% profit = Rs. 100x × (100 + 5)%
⇒ Rs. 105x
According to the question, ⇒
80x = Rs. 4,00,000
⇒ 105x = Rs. (4,00,000/80) × 105
⇒ Rs. 5,25,000
∴ The required selling price is Rs. 5,25,000.
Last updated on Jul 12, 2025
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