Question

a man bought a plot of land for $150000. if the value of the land appreciates by 12% every year find the profit the man will make after selling the plot after 2 years

Answer 1

Answer:

Cost of one third of

land=150000/3 = 50000 Rs

At 6% loss sale price=50000*94/100 =47000 Rs

To get 10% profit the final sale price =150000*110/100-165000 Rs

He has to sale 2/3 of land at 165000 -

47000 118000 rs Purchase price of 2/3 land =150000*2/3

= 100000

The gain % = (118000 100000)*100/100000=18%

He has to sale remaining land at 18% profit.

Answer 2

Answer:

Cost of one third of

land=150000/3 = 50000 Rs

At 6% loss sale price=50000*94/100 =47000 Rs

To get 10% profit the final sale price =150000*110/100-165000 Rs

He has to sale 2/3 of land at 165000 -

47000 118000 rs Purchase price of 2/3 land =150000*2/3

= 100000

The gain % = (118000 100000)*100/100000=18%

He has to sale remaining land at 18% profit.