Ram bought a piece of land for rupees 600000. He spent rupees 150000 in order to plough the land. He built a fence around it for rupees 150000 . He sold the land making a profit of 10% . Find the selling price of the land
Answers
Step-by-step explanation:
Cost of one third of land = 150000/3
= 50000 Rs
≡At 6% loss sale price = 50000 x 94/100
= 47000 Rs
≡To get 10% profit the final sale price =150000 x 110/100
=165000 Rs
≡He has to sale 2/3 of land at = 165000 - 47000
=118000 rs
≡Purchase price of 2/3 land =150000*2/3
= 100000
≡The gain % = (118000-100000)*100/100000
=18%
≡He has to sale remaining land at 18% profi
Answer:
990000 Rs
Step-by-step explanation:
Marked Price(MP) = 600000
Overheads = 150000(ploughing) + 150000(fencing)
= 300000
Cost price(CP) = Marked Price + Overheads
= 600000 + 300000
= 900000
Profit % = 10%
Profit amount = Profit% of CP
= 10/100 x 900000
= 90000
Selling Price = CP + Profit
= 900000+90000
= 990000 Rs
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