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
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Answered by
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.
Answered by
0
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.
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