Question

A property dealer bought a land for Rs. 120000.He sells half of it at a loss of 4 percent. At what gain percent should he sells the remaining part of land so as to gain 8% on whole transaction

Answer 1

CP of the land=Rs 120000
Profit percent on whole=8%
Total SP on whole=(100+P%)/100*120000
=(100+8)/100*120000
=Rs129600
CP of 1/2 of land= 1/2*120000
=Rs 60000
loss percent on it=4%
SP of land= (100-4)/100*60000
=Rs 57600
CP of remaining land=120000-60000
=Rs 60000
SP of remaining land=129600-57600
=Rs 72000

profit on remaining land= 72000-60000
=Rs12000
profit percent on remaining land= 12000/60000*100
= 20%

Answer is 20%

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