When a owner sells his house for Rs. 26400, he loses 20%. At what price should he have sold the house in
order to get profit of 12%?
Answers
Answer:
ANSWER
Selling Price of each house =Rs.246400
Gain =12% on one house
Loss =12% on other house
CP of the house with gain =SP−Profit=246400−
100
12
×CP
CP of the house with gain =
112
246400×100
=220000
CP of the house with loss =SP+Loss=246400+
100
12
×CP
CP of the house with loss =
88
246400×100
=280000
Total CP =220000+280000=Rs.500000
Total SP =2×246400=492800
Thus, loss=CP−SP=500000−492800=Rs.7200
If we consider we have 100 means 100% percent value of number 100
We decrease 20 % means 100-20=80
So apply the unitary method
80 = 26400 means 26400/80=330
So one unit value is 330
Then we have to calculate the 12% profit on the actual value of the house.
Then
Increasing the 12% on a hundred means 112
So,
Multiply one unit value into 112
Means
112*330 =36960
In order to receive the profit one should sell the property for more than its cost and he is selling for 12% profit and the selling cost is 36,960.