A man buys a plot of agricultural land for * 3,60,000. He sells one-third of it at a loss of 20% and
two-fifths at a gain of 25%. At what price must he sell the remaining field so as to make an overall profit
of 10%?
Answers
Answer:
Rs.1,29,000
Given:
Man buys plot for 3,60,000
He sells one-third at 20% loss
and two-fifths at 25% profit
To find:
Price must he sell the remaining field at 10% profit
Solution:-
C.P=3,60,000
C.P of one-third plot=
At loss of 20%
S.P of one-third plot=
C.P of two-fifth plot=
At gain of 25%
S.P of two-fifth plot=
Now
The remaining field sell overall 10% gain
Gain=10%
_________________
S.P of remaining plot=396000-96000-180000
=Rs.1,29,000
ANSWER:-
Given:
A man buys a plot of agricultural land for Rs. 360000. He sells one- third of it at loss of 20% & two - fifth at a gain of 25%.
To find:
What price must be sell the remaining field so as to make an overall profit of 10%?
Solution:
Cost price of the whole plot of agricultural land = Rs. 360000.
Overall profit= 10%
Therefore,
Selling price of the whole plot,
Cost price of 1/3 of agricultural land;
=) 1/3 × 360000
=) Rs.120000
Loss =20%
Therefore,
Selling price of 1/3 of agricultural land;
Cost price of 2/5 of agricultural land;
=) 2/5 × 360000
=)Rs.144000
So,
Selling price of 2/5 land at 25% gain,
Therefore,
he should sell the remaining land for;
=) Rs.396000 - Rs.(96000 + 180000)
=) Rs.396000 - Rs. 276000