Ahmed buys a plot of land for rs 480000 he sells 2/5 of it at a loss of 6% at what gain percent should he sell the remaining part of the plot to gain 10% on the whole
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Answers
Answer:
20.66%
Step-by-step explanation:
Given, Cost of land = 480000
(i)
He sold 2/5 land and the amount he got = 480000 * 2/5
= 192000
(ii)
Loss of 6% percent = 192000(1-6/100)
= 192000(94/100)
= 1920 * 94
= 180480
(iii)
To gain 10% profit = 480000 * 1.1
= 528000
Selling 3/5 of land = 528000 - 180480
= 347520
Cost of remaining 3/5 land= 480000 * 3/5 = 288000.
Now,
Here, Selling price > Cost price. So, Gain has occurred.
Gain = Selling price - Cost price
= 347520 - 288000
= 59520
Gain% = (Gain/CP) * 100
= (59520/288000) * 100
= 20.66%
Hope it helps!
buy of land =480000
2/5*480000=192000 rs
loss=6%
100-6/100*192000=180480
total gain =10%
100+10/100*480000=528000
sp=528000-180480=347520
cp of remaining part of land =3/5*480000=288000
gain% of remaining part of land= sp-cp/cp*100
<=>347520-288000/288000*100
=20.6 %