Question

A man bought a piece of land for 15000. He sold 1/3 of this land at a loss of 5 percent. At what gain percent should he sell the remaining land in order to gain 8% on whole the transaction.
ans = 14.5%​

Answer 1

Answer:

14.5%

Step-by-step explanation:

For 8℅ gain selling price of the land should be,

15000+15000 of 8℅=15000+1200=16200.

Cost price of 1/3 of land=1/3*15000=5000.

Selling price=5000–5000 of 5℅=5000–250=4750.

So, 2/3 of the land should be sold in 16200–4750=11450= SP of 2/3 of land.

CP of 2/3 land=2/3*15000=10000.

So gain in 2/3 land should be, 11450–10000=1450.

gain℅=1450*100/10000=14.5℅.