1.

A piece of land came to a person through three middlemen each gaining 20%. If the person purchased the land for Rs 345600, the original cost of the land is:1). 1000002). 1500003). 1758004). 200000

Answer»

Let the price of land = K.

Then price of land after FIRST MIDDLEMAN = k + 20% of k

= k + 0.2k = 1.2 k

Price of land after second middle man = 1.2k + 20% of 1.2k

= 1.2k + 0.24k

= 1.44 k

Price of land after third middle man = 1.44k + 20% of 1.44 k

= 1.44k + 0.288k

= 1.728k

Hence, we have 1.728k = RS 345600

⇒ k = 345600/1.728

⇒ k = Rs 200000


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