A farmer buys a plot of agricultural land for ₹ 4, 50,000. He sells one-third at a loss of 15% and two-fifth at a gain of 20%. At what price must he sell the remaining land, so as to make an overall profit of 10%? please answer quick
Answers
Answer:
Answer is 151500
Step-by-step explanation:
Given :- A farmer buys a plot of agricultural land for ₹ 4, 50,000. He sells one-third at a loss of 15% and two-fifth at a gain of 20%. At what price must he sell the remaining land, so as to make an overall profit of 10%? please answer quick .
Answer :-
(1/3) at a loss of 15%
so,
→ SP = (1/3) * 450000 * (85/100) = Rs.127500
and,
(2/5) th at a gain of 20% .
so,
→ SP = (2/5) * 450000 * (120/100) = Rs.216000 .
now, given that, overall gain = 10%
so,
→ total SP = (450000 * 110)/100 = Rs.495000
hence,
→ He must sell remaining land at = 495000 - (216000 + 127500) = Rs.151,500 (Ans.)
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