Question

A man bought a plot of land 108000 and he sold for 20 percent what is the selling price

Answer 1

Answer:

Solution

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The cost price of T.V =Rs,10,000

Profit percent =20%

Now, Profit = Profit % of C.P

=

100

20

×10000=Rs.2000

Selling price =C.P + Profit

=10000+2000=12000

Hence he gets Rs. 12,000 on selling his T.

Answer 2

Answer:

Cost price of the plot of land

= c.p = Rs 108000

Profit = g = 20%

Let the Selling price of the plot = S.P

SP C.P (100 + g)/100 X

= 108000x (100 + 20 ) / 100

= 108000 x 120 / 100

= 1080 x 120

= 129600

Therefore,

Mr. Arsalan sold the plot at Rs 129600.