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

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.