By selling a house for Rs.45000, it was found that 1/8 of the outlay was gained, what ought the ...

By selling a house for Rs.45000, it was found that 1/8 of the outlay was gained, what ought the selling to price to have been in order to have lost 5 p.c?

Quiz

Answer/Solution

38000

Steps/Work

CP + CP/8 = 45000
CP = 40000
SP = 40000*(95/100) = 38000
Answer: B