Question

2. Vinay sold a plot of land for 3 143000, gaining 4%. For how much did he purchase the plot?
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Answer 1

Step-by-step explanation:

$\implies$$CP={\Large\frac{100}{100+P}}×SP$

$\implies$$CP={\Large\frac{100}{100+4}}×31,43,000$

$\implies$$CP={\Large\frac{100}{104}}×31,43,000$

$\implies$$\boxed{CP=30,22,115.38\: Rupees}$

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