A man buys a plot of agricultural land for Rs 300000. He sells one-third at a
loss of 20% and two-fifths at a gain of 25%. At what price must he sell the
remaining land so as to make an overall profit of 10%?
Answers
Answered by
2
Step-by-step explanation:
Let the cost of agriculture land be x.
A man buys a plot of agricultural land for Rs 300000.
Cost price of x=Rs.300000.
Cost price of
3
1
x=
3
1
×300000=100000.
He sells one third at a loss of 20%.
Selling price is given by,
SP=CP(1−
100
Loss %
)
=100000(1−
100
20
)=80000
Cost price of
5
2
x is
5
2
x×300000=120000
He sells two fifths at a gain of 25%.
Selling price is given by,
SP=CP(1+
100
profit %
)
=120000(1+
100
25
)=150000
Remaining land =x−
3
1
x−
5
2
x=
15
4x
Cost price of
5
4
x is
15
4
×300000=80000
He sell the remaining land so as to make an overall profit of 10%.
Selling price is given by,
SP=CP(1+
100
P%
)
SP=80000(1+
100
10
)
SP=80000(1+0.1)
SP=80000×1.1
SP=88000
Similar questions