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By selling a plot of land for 45,000 a person loses 10%. At what price should he sell it to gain 15%?
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- $ 50,000
- $ 55,000
- $ 57,500
- $ 60,000
Correct Option: C
Given that , Selling price of plot of land = $ 45,000
Loss = 10%
| C.P. = | × S.P. | 100 - Loss% |
| C.P. = | × 45000 = $ 50000 | 90 |
| ∴ S.P. = 115% of $ 50000 = $ | = $ 57,500 | 100 |
