Good and service tax (GST)
If a house is sold for 187,000 there is a loss of 15% on the cost price.
For how much should it be sold to make a gain of 15% on the cost price?
Without a loss the cost price should be
187000 + 187000 * 15%
187000 * 15% = 187000 * 0.15 = 28050
187000 + 28050 = 215050
Without a loss of 15%, the house will cost 215050
To make a gain of 15% on the cost price, the cost of the house should be
215050 + 215050 * 15%
215050 * 15% = 32257.5
215050 + 32257.5 = 247307.5
With a gain of 15%, the house will cost 247307.5
Click here to post comments
Join in and write your own page! It's easy to do. How? Simply click here to return to Basic math word problem.
Mar 14, 18 03:18 PM
This math coupon offers up to 44% off math resources such math ebooks, math tests, and others
New math lessons
Your email is safe with us. We will only use it to inform you about new math lessons.