A man buys a plot of land at rs.360,000.he sells one third of the plot at a loss of 20%. Again he sells one third 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?
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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.
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.
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