A man bought a piece of land for Rs48 000 He sold two fifth of it at a loss of 10 At what gain perce...........

Quantitative Aptitude (CHSL) Profit and loss

A man bought a piece of land for Rs48,000. He sold two-fifth of it at a loss of 10%. At what gain percentage (rounded off to 1

decimal place) should he sell the remaining land to earn an overall profit of 42%?

This questions was previously asked in

SSC CHSL 30th May 2022 Shift-3

76.7%

84.3%

79.5%

89.8%

- The original cost of the land is Rs48,000.

- He sold two-fifths of the land, which means he sold land worth Rs19,200 (i.e., 2/5 of Rs48,000).

- This part was sold at a 10% loss:

- Loss = 10% of Rs19,200 = Rs1,920

- So, selling price = Rs19,200 - Rs1,920 = Rs17,280

- He wants to earn a 42% overall profit, so he must achieve Rs68,160 from the total sale (1.42 times Rs48,000).

- Total required from remaining 3/5 of land is Rs68,160 - Rs17,280 = Rs50,880

- Original cost of 3/5 land = Rs28,800

- Required gain = Rs50,880 - Rs28,800 = Rs22,080

- Calculate required gain percentage: (Rs22,080/Rs28,800) × 100 ˜ 76.7%

So, the correct answer is Option 1: 76.7%.

Submit Error