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    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%.
    A Rs 25300 Correct Answer Incorrect Answer
    B Rs 22300 Correct Answer Incorrect Answer
    C Rs 24300 Correct Answer Incorrect Answer
    D Rs 21300 Correct Answer Incorrect Answer

    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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