Question

19. A man buys a plot of land at 3,60,000. He sells one third of the plot at a loss of 20%. Again, he se
two-thirds of the plot left at a profit of 25%, At what price should he sell the remaining plot in order
get a profit of 10% on the whole ?
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Answer 1

Answer:

Given :-

• Cost =  Rs 3, 60, 000.
• Loss = 20%
• profit of 25%,

To Find :-

• what price should he sell the remaining plot in order get a profit of 10% on the whole ?

Solution :-

loss due to its sale = 20% = Rs 24,000.

cost of the second 1/3 of the plot = Rs 1,20,000

Profit due to its sale = 25% = Rs 30,000.

Net profit to be gained on the overall sales = 10%  =  Rs 36, 000.

 

Profit to be gained from the sale of third part = Rs 36,000 - 30, 000 + 24,000

       = Rs 30,000

So Sale price for the last 1/3 of the plot = Rs 1,20, 000 + Rs 30, 000

       = Rs 1, 50, 000.

Hence 1, 50, 000. should he sell the remaining plot in order get a profit of 10% on the whole.