Question

Daksh buys a plot for Rs70,00,000. He sells 3/8 of plot at a loss of 6%. At what price he should sell the remaining plot so that he gains 8% on the money he invested in the plot?​

Answer 1

Step-by-step explanation:

full plot cist price=7000000

so 3/8 plot cost price is =7000000*3/8 =2625000

now loss of 6% means he sold plot for 2625000-6% (2625000)

=2467500

now he wants 8% profit on total cp of plot his selling price should be=7000000+8%(7000000)

7560000

now money to be realised fr getting 7560000 frm remaining plot sale is

=7560000-2467500

=5092500