Question

Vijay sold a plot of land of R's. 143000,gaining 4 percent. From how much did he purchase the plot

Answer 1

Answer:

₹ 1,37,500

Step-by-step explanation:

Selling Price = SP = ₹ 143000

Profit % = P % = 4 %

Cost Price = CP = ?

CP = [100 / (100 + P %)] * SP

CP = [100 / (100 + 4)] * 143000

CP = [100 / 104] * 143000

CP = ₹ 1,37,500

So, Vijay had purchased the plot for ₹ 1,37,500