Question

rachit bought a flat for rupees 10 lakh and a car for Rupees 320000 at the same time. The price of the flat appreciate uniformly @ 20% while the price of the car depreciate @ 15% .if Rachit sell the flat and car after 3 years what will be his profit or loss?​

Answer 1

please see the attachment

Answer 2

Given :

Price of flat = Rs. 10 lakhs

Price of car = Rs. 320000

Rate of appreciation on flat = 20%

Rate of depreciation on car = 15%

Number of years = 3

To find :

His profit/loss = ?

Solution :

Price of flat after 3 years would be :

$A=1000000(1+\dfrac{20}{100})^3\\\\A=1728000$

Price of car after 3 years would be :

$A=320000(1-\dfrac{15}{100})^3\\\\A=196520$

So, Total price after 3 years would be :

$1728000+196520\\\\=Rs.\ 1924520$

Total price before 3 years would be :

$1000000+320000=1320000$

So, There will be profit of :

$1924520-1320000\\\\=604520$

Hence, There will be profit of Rs. 604520.