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Quantitative - Mathematics - Word Problems:

Profit and Loss

MCQ - 118-12885

Question:

A plot is sold for Rs. 18,700 with a loss of 15%. At what price it should be sold to get profit of 15%.

  1. Rs 25300
  2. Rs 22300
  3. Rs 24300
  4. Rs 22300

Correct Answer: A

Explanation:

Let at Rs x it can earn 15% profit

85:18700 = 115 : x   [as, loss = 100 -15, Profit = 100 + 15]

x = 18700 × 115 75

Rs. 25300

Record Performance

1297 MCQ for effective preparation of the test of Profit and Loss of Word Problems section.

Read the MCQ statement: A plot is sold for Rs. 18,700 with a loss of 15%. At what price it should be sold to get profit of 15%. , keenly and apply the method you have learn through the video lessons for Profit and Loss to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 118-12885.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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