Question
A Boat is sold for Rs. 18,700 with a loss of
15%. At what price it should be sold to get profit of 15%.Solution
This type of question can be easily and quickly solved as following:
Let at Rs x it can earn 15% pr0fit
85:18700 = 115:x [as, loss = 100 -15, Profit = 100 +15] x = (18700*115)/85
= Rs.25300
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