Question

A property dealer bought 15 acres of land at the rate of Rs 50000 per acre. He later subdivided the land into 30 plots and sold them at the rate of Rs 35000 per plot. Find his profit and profit percentage

Answer 1

• Step-by-step explanations cost of 1 acre land is equal to RS 50,000
• cost of 15 acres land is equal to Rs 50000 × 15 =750000
• when it is divided into 30 part
• then the CP of one plot of land is equal to 350000
• so,so of 30 plot =35000×30 =1050000
• so profit=sp-cp
• now 1050000-750000=300000
• profit%=profit/cp×100
• 300000÷750000×100
• =40%