The price of a land passing through three hands rises on the whole by 65%. The first and second sellers earned 20% and 25% profit, respectively. Find the profit percentage earned by the third seller.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 10%.
Given that
The price of a land passing through three hands rises on the whole by 65%
The first and second sellers earned 20% and 25% profit, respectively.
let the original price a land be X
The profit earned by the third seller will be P
According to the question
⇒ (100 + P)/100 × 120/100 × 125/100 × X = X × 165/100
⇒ (100 + P) × 120 × 125 = 1650000
⇒ 100 + P = 110
⇒ P = 110 - 100 = 10%