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

Question

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?

Options:

A . Rs.38750

B . Rs.38000

C . Rs.40000

D . Rs.42000

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

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