Question

a man buys a plot of land at 360000 rupees he sell one third of a land at a loss of 20% again. he sell two third of the land 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 wholePlz answer this question fast

Answer 1

Original Price = Rs. 360,000
Original Cost of 1/3 land = 360,000 * 1/3
                                        = 120,000

Selling price of land at 20% loss = 120,000 * 0.8
                                                       = 96,000 (Loss of 24,000)

Original Price of 2/5 land = 360,000 * 2/5
                                        = 144,000

Selling price of 2/5 land at 25% profit = 180,000 (Profit of 36,000)

Total earning so far = 96,000 + 180,000 = 276,000
Required final Target Amount = 360,000 * 1.10
                                               = 396,000


Expected Selling Price for Remaining Land to earn 10% Profit Overall = 396,000 - 276,000 = 120,000