SOLUTION: by selling house for Rs 400,000,a personal loses 20% to get gain of 15% at what price should the house be sold?

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Question 1086715: by selling house for Rs 400,000,a personal loses 20% to get gain of 15% at what price should the house be sold?
Found 2 solutions by Theo, MathTherapy:
Answer by Theo(13342)   (Show Source): You can put this solution on YOUR website!
the house costs 400,000

he wants to sell it at 15% profit, so the final selling price has to be 400,000 * 1.15 = 460,000.

he wants to sell at a 20% discount, so the initial offering price is 460,000 / .8 = 575,000.

the retail price is 575,000.

the discount price is 575,000 - .20 * 575,000 = 460,000.

the profit made is 460,000 minus 400,000 = 60,000 = 15% of 400,000.


Answer by MathTherapy(10552)   (Show Source): You can put this solution on YOUR website!
by selling house for Rs 400,000,a personal loses 20% to get gain of 15% at what price should the house be sold?
I BELIEVE THAT THIS SHOULD READ: By selling a house for Rs 400,000,a personal person loses 20%. To gain 15%, at what price should the house be sold?
Selling price of Rs 400,000 represents 80% (100% – 20%) of the purchase price

With S being selling-price to make a 15% profit, we get: 

.8S = 1.15(400,000)

S, or selling-price to make a 15% profit =  

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