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?
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Cp of land == 15000 not 1500
cp should be 15000
Nice work Avishek..
brilant work
Good work
ohh yeah :/
very nicely presented but only one mistake the c.p. of the land is wrong
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.
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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?
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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..
let us take 300 in place 15000,it will be more easy as 6% loss shows 6 rs. loss
First, we must find how much did the farmer loss
He first sold 3 1 × 1 5 0 0 0 = 5 0 0 0
He lost 6 % of it, which means that he sold it with the price of 5 0 0 0 × 1 0 0 1 0 0 − 6 = 5 0 0 0 × 1 0 0 9 4 = 4 7 0 0
So, in order to gain 1 0 % of the whole deal, we must first know how much is the sum of 1 0 % of the whole deal and the original price
1 0 0 1 1 0 × 1 5 0 0 0 = 1 6 5 0 0
The farmer must get 1 6 5 0 0 in total to earn 1 0 %
We already had known how much is the 3 1 of the land, now we have to know the price of the remaining land
Let the percentage profit be x
4 7 0 0 + ( 3 2 × 1 5 0 0 0 × 1 0 0 1 0 0 + x ) = 1 6 5 0 0
4 7 0 0 + ( 1 0 0 × ( 1 0 0 + x ) ) = 1 6 5 0 0
Subtract 4 7 0 0 at both sides,
1 0 0 × ( 1 0 0 + x ) = 1 1 8 0 0
Divide by 1 0 0 at both sides,
1 0 0 + x = 1 1 8
x = 1 8
Best solution in terms of equations..
nicely done
nice work
gud work bro !!!!
1/3(-6) + 2/3(x) = 10
2/3(x) = 10 + 2
x = 12(3/2)
x=18
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?
3.3=2x+0.94 thus x=1.18 then 1.18-1 equal to 0.18 :)
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%
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?
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%
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%.
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%
15000/3=5000
5000*6%=300
15000*10%=1500
300+1500=1800
10000*18%=1800
The farmer bought x land for Rs 15000. He sold 3 1 of the land for a 6 % loss.
Now, he had initially bought 3 1 of the land for 3 1 5 0 0 0 = 5 0 0 0 rupees. He sold it for a loss of 6 % . Thus, he sold it for 5 0 0 0 − ( 0 . 0 6 × 5 0 0 0 ) = 4 7 0 0 rupees.
Now, he wants to make an overall profit of 1 0 % on 1 5 0 0 0 , thus, he wants to make a total amount of 1 5 0 0 0 + ( 0 . 1 × 1 5 0 0 0 ) = 1 6 5 0 0 .
To make a profit of 1 6 5 0 0 , he has to sell the 3 2 land at 1 6 5 0 0 − 4 7 0 0 = 1 1 8 0 0 rupees.
But he had bought the land for 1 0 0 0 0 rupees.
Thus he has to sell it at a percentage profit of 1 0 0 0 0 1 1 8 0 0 − 1 0 0 0 0 × 1 0 0 = 1 8 %
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. :)
The farmer bought the land at a price of RS 1 5 0 0 0 . Then, price of 3 1 rd of the land = 3 1 × 1 5 0 0 0 = 5 0 0 0
Now, the farmer sold it at a 6 % loss, so selling price of 3 1 rd of the land = 5 0 0 0 − 1 0 0 6 × 5 0 0 0 = 5 0 0 0 − 3 0 0 = 4 7 0 0 .
Now, the owner wants to gain 1 0 % profit on the whole land, so whole land should be sold at a total of = 1 5 0 0 0 + 1 0 0 1 0 × 1 5 0 0 0 = 1 5 0 0 0 + 1 5 0 0 = 1 6 5 0 0
So, the owner has to sell the 3 2 rd part of the land which had a cost price of RS 1 0 0 0 0 at RS ( 1 6 5 0 0 − 4 7 0 0 ) = 1 1 8 0 0 , i.e., at extra RS 1 8 0 0
So, he sold that part at a profit of 1 0 0 0 0 1 8 0 0 × 1 0 0 = 1 8 %
cant explain clearly ..........but i made this eqn.......2/3y-1/3x6=10......to get the answer(18%)........(wink)
1500+150000=5000-{[6*5000]/100}+10000+100x x=18 :D
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
3 1 of land means that part of land should be sell at 5000 ( 3 1 *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 3 1 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 3 2 of land so he need to gain profit of 1800 means 18 % profit on the remaining piece of land
good job
C.P.(Cost Price=15000/-)
Suppose he buys x area of land for Rs. 1 5 0 0 0 .
Then, 3 x costs 3 1 5 0 0 0 , that is Rs. 5 0 0 0 .
Then, we can say that C . P . of 3 x land is Rs. 5 0 0 0 .
S . P . (Selling price)= 1 0 0 1 0 0 − l o s s * C . P .
S . P . of the 3 x land for 6 % loss= 1 0 0 1 0 0 − 6 * 5 0 0 0
= 1 0 0 9 4 * 5 0 0 0
= 4 7 0 0 /-
Now,
Remaining 3 2 x land should be sold at a rate that the total profit is 1 0 %.
Profit of 1 0 % on R s . 1 5 0 0 0 = 1 0 0 1 0 * 1 5 0 0 0 .
= R s . 1 5 0 0 .
Total C.P.= R s . 1 6 5 0 0 .
Let the rate at which he should sell the remaining 3 2 x land be R %.
Then,
By the formula for S.P.,
S . P . = 1 0 0 1 0 0 + g a i n * C . P . (Rs. 10000 because Rs.15000-Rs.5000)
= 1 0 0 1 0 0 + R % * 1 0 0 0 0
= 1 0 0 + R * 1 0 0
= 1 0 0 0 0 + 1 0 0 R
Total C.P.= 1 0 0 0 0 + 1 0 0 R + 4 7 0 0
Therefore, equating this we get,
=> 1 0 0 0 0 + 1 0 0 R + 4 7 0 0 = 1 6 5 0 0
=> 1 0 0 + R + 4 7 = 1 6 5 (Cancelling Common Factor 100 both sides)
=> 1 4 7 + R = 1 6 5
=> R =( 1 6 5 − 1 4 7 )%
=> R = 1 8 %
Therefore, Rate% at which he should sell to gain 1 0 % on the whole is 1 8 .
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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 % ...