Question

IL
21. A man buys a plot of agricultural land for 300000.
He sells one-third at a loss of 20% and two – fifths at
a gain of 25%. At what price must he sell the
remaining land so as to make an overall profit of
10%?
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Answer 1

Answer:

Let the cost of agriculture land be x.

A man buys a plot of agricultural land for Rs 300000.

Cost price of x=Rs.300000.

Cost price of 31x=31×300000=100000.

He sells one third at a loss of 20%.

Selling price is given by,

SP=CP(1−100Loss %)

=100000(1−10020)=80000

Cost price of 52x is 52x×300000=120000

He sells two fifths at a gain of 25%.

Selling price is given by,

SP=CP(1+100profit %)

=120000(1+10025)=150000

Remaining land =x−31x−52x=154x

Cost price of 54x  is 154

Explanation:

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