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 4 p.c?  Choose the correct answer:
A) 28000
B) 29000
C) 37000
D) 38400
E) 40000
Option B   Explanation:   CP + CP/8 = 45000   CP = 40000   SP = 40000*(96/100)= 
<gadget id="calculator">40000*(96/100)</gadget>
<output>38_400</output>
38400   Option 38400
<result>D</result>
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 4 p.c?