When a plot is sold for Rs.18,700, the owner loses 15%.At what price must that plot be sold in order to gain 15%?

Question

When a plot is sold for Rs.18,700, the owner loses 15%.At what price must that plot be sold in order to gain 15%?
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Solution 1

Sure, let's solve this step by step:

Step 1: First, we need to find the cost price of the plot. If the owner loses 15% when selling the plot for Rs.18,700, it means that Rs.18,700 is 85% of the cost price (because 100% - 15% = 85%).

So, we can set up the equation: 85/100 * Cost Price = Rs.18,700

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