Question

a man buys a plot of land at 360000.he sells one third of the plot at a loss of 20% and he sells twothird of the plot left at a profit of 25% .at what price should he sell the remaining plot in order to get a profit of 10% on the whole​

Answer 1

Answer:

1,50,000

Step-by-step explanation:

Cost =  Rs 3, 60, 000.

cost of 1/3 of the plot = Rs 1,20,000.

loss due to its sale = 20% = Rs 24,000.

cost of the second 1/3 of the plot

= Rs 1,20,000

Profit due to its sale = 25% = Rs 30,000.

Net profit to be gained on the overall sales

= 10%  =  Rs 36, 000.

 

Profit to be gained from the sale of third part

= Rs 36,000 - 30, 000 + 24,000

       = Rs 30,000

So Sale price for the last 1/3 of the plot

= Rs 1,20, 000 + Rs 30, 000

       = Rs 1, 50, 000.