When a “Mercedes-Benz” is sold for Rs. 18,700, the owner loses 15%. At what price must that “Mercedes-Benz” be sold in order to gain 15%?Rs. 21,000
Question
Solution 1
First, we need to find the original price of the Mercedes-Benz. If the owner loses 15% and sells it for Rs. 18,700, that means Rs. 18,700 is 85% of the original price (because 100% - 15% = 85%).
So, we set up the equation: 0.85 * Original Price = Rs. 18,700
To find the original price, we divide Rs Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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