Question

Mr joshi buys an estate for Rs34 lakh. He builds a boundary wall around it at a cost of Rs2 lakh. He sells two-fifths of it at a loss of 20% and one-third of it at a gain of 25%. At what gain percent must he sell the remainder so as to make a profit of 5% on the whole?

Answer 1

your answer...........................

Answer 2

Hey mate.... Here is your answer:✌️

Total cost of the estate = 34+2 = 36 lakhs


Cost of two fifths of the estate = 2/5×36=14.4 lakhs


Selling price of two fifths of the estate =
14.4-20/100×14.4=11.52 lakhs


Cost of one third of the estate = 1/3×36=12 lakhs


Selling price of one third of the land =
12+25/100×12=15 lakhs


Cost price of the remainder of the land =
(1-2/5-1/3)×36=9.6 lakhs


Selling price of the whole estate to make a profit of 5% = 36+5/100×36=37.8 lakhs


Selling price of the remainder of the estate =
37.8-15-11.52=11.28 lakhs


Profit % = (11.28-9.6/9.6)×100=17.5%


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