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a man buys a plot of agricultural land for 360000. he sells one third of it at a loss of 20%and two fifth at a gain of 25% at what price must he sell the remaining field so as to make an overall profit of 10%? |
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Answer» Cost = RS 3, 60, 000. cost of 1/3 of the plot = Rs 1,20,000. loss DUE to its sale = 20% = Rs 24,000. cost of the second 1/3 of the plot = Rs 1,20,000 Profit due to its sale = 25% = Rs 30,000. Net profit to be gained on the overall SALES = 10% = Rs 36, 000.
Profit to be gained from the sale of third part = Rs 36,000 - 30, 000 + 24,000 = Rs 30,000 So Sale PRICE for the last 1/3 of the plot = Rs 1,20, 000 + Rs 30, 000 = Rs 1, 50, 000. |
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