Profit and Loss Practice Test 5

Question : 24 of 40

Marks: +1, -0

The price of a land passing through three hands, rises on the whole by 65%. If the first and second sellers earned 20% and 25% profit respectively, find the profit earned by the third seller.

Validate

Solution:

\table \CP \of\Land,1st ,2nd, 3rd;100,100+20/100×100=120,120+25/100×120=150,150+{150x}/100

Price of land rise when passing through three hands = 65%

=100+65/100×100=165

According to the statement,

150+{150x}/100=165

x=10%

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