Gita buys a plot of land for rs 36000. She sells 2/5th of it at a loss of 6%. She wants to make a profit of 10% on the whole transaction by selling the remaining land. The gain % on the remaining land is
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- CP is 2/5th part of area= 36000-2/5
= Rs. 14400
- Loss of sale of 2/5part of land = 6 %
- Loss = 14400-6/100
- Loss = Rs. 864
- SP of 2/5
- part of land = 14400 - 864
= Rs. 13536
- remaining 3/5 part of land = (
36000-3/5
= Rs. 21600
Profit = 10 %
10 % of 36000
= Rs. 3600
- Total profit = Rs.3600 + Rs. 864 {6 % loss to be recovered}
= Rs. 4464
- Total profit 10 % on the whole transaction = Rs. 4464
Profit % =
- Profit==100/Cost price of the remaining land
Profit % = (4464*100)/21600
= 20.67 percentage.
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