Profit and Loss Practice Test 3

Question : 30 of 40

Marks: +1, -0

Sanjay 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%?

Rs. 1,00,000
Rs. 1,15,000
Rs. 1,20,000
Rs. 1,25,000

Validate

Solution:

S.P. of whole field =

110/100 × 3 60 000

= Rs. 3,96,000
S.P. of one-third and two-fifths land

=80/100×1/3×3 ,60, 000

+ 125/100 ×2/5× 3,60,000

= Rs. 2,76,000
Hence, S.P. of remaining land = 3,96,000 – 2,76,000 = Rs. 1,20,000

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