-
Gita buys a plot of land for $ 96,000. She sells (2 / 5) of it at a loss of 6%. She wants to make a profit of 10% on the whole transaction by selling the remaining land. The gain % on the remaining land is
-
- 20%
-
20 2 % 3 - 14%
- 7%
Correct Option: B
Given that , C.P. of a plot of land = $ 96,000
| Total expected S.P. = | = $ 105600 | 100 |
| S.P. of first part = | × 96000 × | = $ 36096 | 5 | 100 |
S.P. of remaining part = 105600 – 36096 = $ 69504
| C.P. of remaining part = | × 96000 = $ 57600 | 5 |
Gain = 69504 – 57600 = $ 11904
If the gain percent be y, then
| = 11904 | 100 |
| ⇒ y = | = 20 | % | 57600 | 3 |
