A man buys a field of agricultural land for Rs. 3,60,000. He sells one-third at a loss of 20% and two-fifths 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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A man buys a field of agricultural land for Rs. 3,60,000. He sells one-third at a loss of 20% and two-fifths 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:
₹1,20,000
Step-by-step explanation:
Loss 20%= 80/100 = 4/5
Profit 25%= 125/100 = 5/4
Overall profit 10%=110/100=11/10
ATQ,
360000×1/3×4/5 + 360000×2/5×
×5/4 + R = 360000 × 11/10
=>96000 + 180000 + R=396000
=> R = 396000 - 276000
=> R = 1,20,000
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