Question

a property dealer bought 10 acres of land at the rate of Rs 70000 per acre . He later subdivided the land into 22 plots and sold them at the rate of Rs 45000 per plot. Find his profit and profit percentage

Answer 1

Cost price of 1 acre of land = Rs 70000
∴ Cost price of 10 acres of land = Rs 70000 × 10
= Rs 700000
Selling price of 1 plot = Rs 45000
∴ Selling price of 22 plot = Rs 45000 × 22
= Rs 990000
Plot of Property dealer = selling price of 22 plot – Cost price of 10 acres of land = Rs 990000 – Rs 700000 = Rs 290000
profit%= profit/cost price of 10acres of land
= 290000/700000*100
= 41.42 % 

Answer 2

Answer:

Cost price of 1 acre of land = Rs 70000

∴ Cost price of 10 acres of land = Rs 70000 × 10

= Rs 700000

Selling price of 1 plot = Rs 45000

∴ Selling price of 22 plot = Rs 45000 × 22

= Rs 990000

Plot of Property dealer = selling price of 22 plot – Cost price of 10 acres of land = Rs 990000 – Rs 700000 = Rs 290000

profit%= profit/cost price of 10acres of land

= 290000/700000*100

= 41.42 %

Step-by-step explanation: