Question

A man sells a plot of land at 6% profit. if he had sold it at 10% profit, he would have received rs.200 more. what is the selling price of the land?

Answer 1

it is beneficial for you

Answer 2

Answer:

5000 Rs.

Step-by-step explanation:

In the question,

Let us say,

Cost price of Land = 100x

If the Land is sold at the Profit % = 6 %

Had the Land been sold at the Profit % = 10 %

The Amount received in Profit difference = 200 Rs.

Therefore, we can say that,

Selling price of land at 6% profit = 100x + 6x = 106x

Selling Price of land at 10% profit = 100x + 10x = 110x

So,

110x - 106x = 200

4x = 200

x = 50

Therefore, the Cost Price of Land is given by,

Cost Price = 100x = 5000 Rs.