A piece of land was sold to a person through two middlemen, each gaining . If the person purchased the land for , the original cost (in ₹) of the land was:
- A4,25,000
- B4,00,000
- C3,50,000
- D3,75,000
Solution & Step-by-step Explanation
Let the original cost of the land be .The land passes through two middlemen, each adding a gain of . as a fraction is . The selling factor for each middleman is .So, the final purchase price is:
Since :
Thus, the original cost of the land was .
Since :
Thus, the original cost of the land was .