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?
I BELIEVE THAT THIS SHOULD READ: By selling a house for Rs 400,000,a <s>personal</s> person loses 20%. To gain 15%, at what price should the house be sold?
<pre>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: {{{"400,000"/S = .8/1.15 }}}
.8S = 1.15(400,000)
S, or selling-price to make a 15% profit = {{{highlight_green(matrix(1,5, 1.15("400,000")/.8, "=", 1.15("500,000"), "=", highlight("$575,000")))}}}