A man buys a field of agricultural land for Rs. 3,60,000. He sells on…

Question

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%?

Accepted Answer

Option C. Rs. 1,20,000. Answer & Solution Answer: Option C Solution: & First\, Method: & CP = 360000 & To\, gain\,10\% \, on\, whole\, land, & SP = 360000 + 10\% \, of\,360000 & \,\,\,\,\,\,\,\, = Rs.\,396000 & 1/3\, of\, the\, land\, sold\, on\,20\% \, loss. & SP\, of\,1/3\, land & = 3600003 - 20\% \,…