Trading Up Real Estate

Algebra Level 2

A farmer purchased a piece of land for RS 15000. He sold one third of it at a loss of 6%. At what percentage profit should he sell the remaining piece of land, in order to gain 10% on the whole deal?


The answer is 18.

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21 solutions

Avisek Agarwal
Jan 31, 2014

C.P of the land rs 1500.So the c.p of 1/3 of land = 5000

The farmer sold 1/3 of land at 6 % loss so Sp= (5000)-(6/100*5000)=4700

The Desired sp of land to acquire 10 % profit = (1500)+(10/100*1500)=16500

The cost of land to be sold after selling 1/3 of it at a profit of 10 % on the whole = 16500-4700=11800

The cp of 2/3 of land = 10000

So the profit amount to be made in order to make a 10 % profit on the whole = 11800-10000=1800

And the percent of 1800 of 10000 = (1800/10000) *100 ==18 % ...

Cp of land == 15000 not 1500

Avisek Agarwal - 7 years, 4 months ago

cp should be 15000

Saurabh Kumar - 7 years, 4 months ago

Nice work Avishek..

Haseeb Khan - 7 years, 4 months ago

brilant work

abhirani abhirami - 7 years, 4 months ago

Good work

Akhil Matcha - 7 years, 4 months ago

ohh yeah :/

Bhavya Doshi - 7 years, 4 months ago

very nicely presented but only one mistake the c.p. of the land is wrong

Kushal Inti - 7 years, 4 months ago

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Yeah cp =15000

Avisek Agarwal - 7 years, 4 months ago
Tshering Tashi
Jan 31, 2014

The land is divided into 3 parts so each part costs you 5000. he sold 1 part at 6% loss that means he sold it at 4700 (6% of 5000 is 300). Now that to be at par he needs 10300 and to earn a extra profit of 10% he needs 1500 more. so by selling his remaining land he needs to sell it at 11800. 2 parts is 10000 so he needs 1800 more that is 18% of 10000.

Let us forget 15000 for once..and divide the land into 3 equal parts.. Two points to remember..a loss of 6% on one these 3 parts can be compensated by a profit of 3% on EACH of the other two..and a profit of 10% not made on one part can be made up by an extra profit of 5% on EACH part..so simply,an extra profit of 8% (3+5) must be made by the other two parts over 10%..we have 18%.. Thank you.

Shikharjit Mitra - 7 years, 4 months ago

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if u r adding 5% to each part then its (3+5)+(3+5)+10...not just (3+5)+10....could you pl explain it?

prasanna jinku - 7 years, 4 months ago

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hats off Mitra....

And prasana, he didn't add it twice as the question demands the profit % for each piece not the whole..

Arijit Chatterjee - 7 years, 4 months ago

let us take 300 in place 15000,it will be more easy as 6% loss shows 6 rs. loss

Piyush Patnaik - 7 years, 4 months ago
Daniel Lim
Jan 31, 2014

First, we must find how much did the farmer loss

He first sold 1 3 × 15000 = 5000 \frac{1}{3}\times15000 = 5000

He lost 6 6 % of it, which means that he sold it with the price of 5000 × 100 6 100 = 5000 × 94 100 = 4700 5000\times\frac{100-6}{100} = 5000 \times \frac{94}{100} = 4700

So, in order to gain 10 10 % of the whole deal, we must first know how much is the sum of 10 10 % of the whole deal and the original price

110 100 × 15000 = 16500 \frac{110}{100}\times15000 = 16500

The farmer must get 16500 16500 in total to earn 10 10 %

We already had known how much is the 1 3 \frac{1}{3} of the land, now we have to know the price of the remaining land

Let the percentage profit be x x

4700 + ( 2 3 × 15000 × 100 + x 100 ) = 16500 4700+(\frac{2}{3}\times15000\times\frac{100+x}{100})=16500

4700 + ( 100 × ( 100 + x ) ) = 16500 4700+(100\times(100+x))=16500

Subtract 4700 4700 at both sides,

100 × ( 100 + x ) = 11800 100\times(100+x)=11800

Divide by 100 100 at both sides,

100 + x = 118 100+x=118

x = 18 x=\boxed{18}

Best solution in terms of equations..

Haseeb Khan - 7 years, 4 months ago

nicely done

Trivedi Kinchit - 7 years, 4 months ago

nice work

murali krishna - 7 years, 4 months ago

gud work bro !!!!

Sushil Kumar - 5 years, 9 months ago
Waldo Ursal
Mar 6, 2014

1/3(-6) + 2/3(x) = 10

2/3(x) = 10 + 2

x = 12(3/2)

x=18

Raja Mogulluri
Jan 31, 2014

target profit 1500 so entire sale value = 16500, 1/3 rd part sale value comes as 4700 (6% loss=300), so remaining money to earn =11800, 2/3rd value of land = 10000 that means we will earn 1800 on sale 2/3rd that means total sale value = 11800+4700 =16500 (10% profit)

A farmer purchased a piece of land for RS 15000. He sold one third of it at a loss of 6%. At what percentage profit should he sell the remaining piece of land, in order to gain 10% on the whole deal?

King Nisar - 7 years, 4 months ago
Lim Reon
Mar 19, 2014

3.3=2x+0.94 thus x=1.18 then 1.18-1 equal to 0.18 :)

Syam Krishnan
Mar 2, 2014

15000/3=5000 loss of 1/3 of land = 5000 6% =300 the required profit = 15000 10% = 1500 the profit from 2/3 of land will be equal to 1500+300 = 1800 in the term of percentage (1800/10000) = 18%

Christopher Co
Feb 15, 2014

15000 * 1/3 = 5000. The cost of 1/3 of the land is 5000

(1.06 * 5000) - 5000 = 300. You have a loss of 300

5000 - 300 = 4700. You sold 1/3 of the land at 4700

15000 * 1.10 = 16500. To get a profit of 10%, the whole land must be sold at 16500.

16500 - 4700 = 11800. You must sell the remaining piece of land at 11800

11800 - 10000 = 1800

1800/10000 = .18

The percentage profit is 18%

why to divide with 10000 ?? dont understand will u explain pls?

sahithi sumana - 7 years, 3 months ago
Fahim Rahman
Feb 15, 2014

with 6% loss of one third land, i sold (100-6)*5000=4700 RS

for 10 % profit of whole land, i have to sell (100+10)*15000=165000 RS

so, i will sell the remaining piece of land for 165000-4700 = 118000 RS

then my percentage of profite will be = (118000-10000)/100 = 18%

Kaleb Lee
Feb 7, 2014

100 + 200 = 300 100 × (1 - 0.06) = 94 300 × (1 + 0.10) = 330 330 - 94 = 236 = 200 × (1 + 0.18)

O agricultor vendeu um terço de suas terras com um prejuízo de 6% em relação ao valor de compra, logo, ele obteve:

1/3 . 5000 . 0,94 = 4700

Vendendo o restante de suas terras, ele quer obter 10% de lucro sobre o preço de compra, logo, ele quer:

15000 . 1,1 = 16500

O agricultor precisa conseguir 11800 (valor que falta para obter 10% de lucro sobre o preço de compra), portanto, deve vender o restante das terras por esse valor.

Como o valor de compra foi de 10000, a porcentagem de lucro da venda das terras restantes é:

11800/10000 = 1,18

Logo, a porcentagem de lucro deve ser de 18%.

Rituparna Saikia
Feb 3, 2014

he sold one third @ loss of 6%. so he earned Rs.(5000-6% of 5000)= Rs. 4,700. Now let he sold rest @ x% profit i.e.
@Rs.(10,000+ 100x). so we have the linear equation 4,700+10,000+100x= 15000+10% of 15000 which gives x= 18...i.e. he has to sold @18%

Aneesh Antony
Feb 3, 2014

15000/3=5000

5000*6%=300

15000*10%=1500

300+1500=1800

10000*18%=1800

Aditya Joshi
Feb 3, 2014

The farmer bought x x land for Rs 15000. He sold 1 3 \dfrac{1}{3} of the land for a 6 % 6\% loss.

Now, he had initially bought 1 3 \dfrac{1}{3} of the land for 15000 3 = 5000 \dfrac{15000}{3} = 5000 rupees. He sold it for a loss of 6 % 6\% . Thus, he sold it for 5000 ( 0.06 × 5000 ) = 4700 5000 - \left( 0.06 \times 5000 \right) = 4700 rupees.

Now, he wants to make an overall profit of 10 % 10 \% on 15000 15000 , thus, he wants to make a total amount of 15000 + ( 0.1 × 15000 ) = 16500 15000 + \left( 0.1 \times 15000 \right) = 16500 .

To make a profit of 16500 16500 , he has to sell the 2 3 \dfrac{2}{3} land at 16500 4700 = 11800 16500 - 4700 = 11800 rupees.

But he had bought the land for 10000 10000 rupees.

Thus he has to sell it at a percentage profit of 11800 10000 10000 × 100 = 18 % \dfrac{11800 - 10000}{10000} \times 100 = \boxed{18 \%}

Jdg Dally-Cimino
Feb 1, 2014

I tracked his net investment. Basically, he starts at zero, and by purchasing the land he "loses" $15000. When know that he's trying to get to a profit of $1500 (The original 15000 plus ten percent would put him at that amount of profit.) So now he has to go from -15000 to +1500 (Which would be a total "movement" of 16,500). His first transaction gains him +4700, but he still has to gain $11,800 to get to +1500. So now he has to sell the remaining land, originally valued at $10,000 (Two thirds the land, originally valued at two thirds his original purchase price.) for $11,800 to get where he wants to be. That would be an 18% mark-up from $10,000. So we're done. 18% is the answer. :)

Prasun Biswas
Feb 1, 2014

The farmer bought the land at a price of RS 15000 15000 . Then, price of 1 3 \frac{1}{3} rd of the land = 1 3 × 15000 = 5000 =\frac{1}{3}\times 15000 = 5000

Now, the farmer sold it at a 6 6 % loss, so selling price of 1 3 \frac{1}{3} rd of the land = 5000 6 100 × 5000 = 5000 300 = 4700 =5000-\frac{6}{100}\times 5000 = 5000-300=4700 .

Now, the owner wants to gain 10 10 % profit on the whole land, so whole land should be sold at a total of = 15000 + 10 100 × 15000 = 15000 + 1500 = 16500 =15000+\frac{10}{100}\times 15000 = 15000+1500=16500

So, the owner has to sell the 2 3 \frac{2}{3} rd part of the land which had a cost price of RS 10000 10000 at RS ( 16500 4700 ) = 11800 (16500-4700)=11800 , i.e., at extra RS 1800 1800

So, he sold that part at a profit of 1800 10000 × 100 = 18 \frac{1800}{10000}\times 100 = \boxed{18} %

Samarth Mandotra
Feb 1, 2014

cant explain clearly ..........but i made this eqn.......2/3y-1/3x6=10......to get the answer(18%)........(wink)

Ramesh Ramu
Feb 1, 2014

1500+150000=5000-{[6*5000]/100}+10000+100x x=18 :D

Suresh Naik
Feb 1, 2014

from the problem total land price is 15000(5000+5000+5000) Since he sold 1/3 of the land with rate of 6% loss = 4700 and to get the 10% profit on the whole deal it will be like = 16500 and we get the 10% profit from the 2/3 of the land so : 16500 - 4700 = 11800 so for the 2/3 we are having 10000 and to get 11800 from that lets take 10000 ---- 100 and 11800 -----x then x=(100* 11800)/10000 = 118 x = 118-100 x=18

Ripal Patel
Jan 31, 2014

1 3 \frac{1}{3} of land means that part of land should be sell at 5000 ( 1 3 \frac{1}{3} *15000) rupees if there should be no loss or no profit but he sold it at a loss of 6% means 6% of 5000=300 rupees loss. so,he sold 1 3 \frac{1}{3} of land at 4700 rs.

Now, to gain 10% on the whole deal mean 10% of 15000=1500rs means finally after selling whole farm he should have 15000+1500=16500 rs. now he is already have 4700 rs so he has to earn 16500-4700=11,800 rs .

now 10,000 is price of remaining 2 3 \frac{2}{3} of land so he need to gain profit of 1800 means 18 % profit on the remaining piece of land

good job

Aneesh Antony - 7 years, 4 months ago
Pulkit Gopalani
Jan 31, 2014

C.P.(Cost Price=15000/-)

Suppose he buys x x area of land for Rs. 15000 15000 .

Then, x 3 \frac {x}{3} costs 15000 3 \frac {15000}{3} , that is Rs. 5000 5000 .

Then, we can say that C . P . C.P. of x 3 \frac {x}{3} land is Rs. 5000 5000 .

S . P . S.P. (Selling price)= 100 l o s s 100 \frac {100-loss}{100} * C . P . C.P.

S . P . S.P. of the x 3 \frac {x}{3} land for 6 6 % loss= 100 6 100 \frac {100-6}{100} * 5000 5000

= 94 100 \frac {94}{100} * 5000 5000

= 4700 4700 /-

Now,

Remaining 2 x 3 \frac {2x}{3} land should be sold at a rate that the total profit is 10 10 %.

Profit of 10 10 % on R s . Rs. 15000 15000 = 10 100 \frac {10}{100} * 15000 15000 .

= R s . Rs. 1500 1500 .

Total C.P.= R s . Rs. 16500 16500 .

Let the rate at which he should sell the remaining 2 x 3 \frac {2x}{3} land be R R %.

Then,

By the formula for S.P.,

S . P . S.P. = 100 + g a i n 100 \frac {100+gain}{100} * C . P . C.P. (Rs. 10000 because Rs.15000-Rs.5000)

= 100 + R % 100 \frac {100+R\%}{100} * 10000 10000

= 100 + R 100+R * 100 100

= 10000 + 100 R 10000+100R

Total C.P.= 10000 + 100 R 10000+100R + 4700 4700

Therefore, equating this we get,

=> 10000 + 100 R + 4700 10000+100R+4700 = 16500 16500

=> 100 + R + 47 100+R+47 = 165 165 (Cancelling Common Factor 100 both sides)

=> 147 + R 147+R = 165 165

=> R R =( 165 147 165-147 )%

=> R R = 18 % 18\%

Therefore, Rate% at which he should sell to gain 10 10 % on the whole is 18 \boxed{18} .

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