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A man buys a plot of land for * 72000. He sells one-third of the land at a loss of 20% andtwo-fifth at a gain of 25%. At what price must he sell the remaining land so as to make anoverall profit of 10%? |
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Answer» Cost of the land = Rs 72,000 Find the expected selling price to gain 10%: 10% gain = 10% x 72,000 = 0.1 x 72,000 = Rs 7,200 Expected selling price = 72000 + 7200 = Rs 79,200 Find the Selling Price of the 1/3 of the land sold at 20% loss: cost of 1/3 of the land = 1/3 x 72,000 = Rs 24,000 20% loss = 20% x 24,000 = 0.2 x 24000 = Rs 4800 Selling Price = 24,000 - 4800 = Rs 19,200 Find the selling price of the 2/5 land that gains 25%: Cost of the 2/5 land = 2/5 x 72000 = Rs 28,800 25% gain = 25% x 28,800 = 0.25 x 28800 = Rs 7200 Selling Price = 28,800 + 7200 = Rs 36,000 Find the selling price of the remaining land: Selling Price = 79,200 - 19,200 - 36,000 = Rs 24,000 Answer: The selling price of the remaining land is Rs 24,000 72000*1/3=24000*(100-20)%=19200.2/5*72000=28800*125%=36000.he have to make a profit of 72000* 10%=7200, 72000+7200- ( 19200+36000)=24000. so remainingland sold at Rupees 24000. The selling price of the remaining land is Rs.24,000please like my answer the selling price 24000 |
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