Ramesh bought a rectangular piece of land at Rs. 1,000 per sq. ft. The length of the plot is more than the breadth but less than twice the breadth. Due to its size, he decided to sell the plot in smaller chunks. He sold the largest square from one end to his elder brother at Rs. 1,200 per sq. ft. From the remaining rectangle, he sold the largest square to his younger brother at Rs. 1,150 per sq. ft. Due to a crash in property prices, he found it difficult to make a profit from the sale of the remaining part of the land. If the ratio of the perimeter of the remaining land to the perimeter of the original land is 3:8, at what price (in Rs.) should he sell the remaining part to make an overall profit of 10%? OPTIONS 1)450 per sq. ft. 2)500 per sq. ft. 3)550 per sq. ft 4)600 per sq. ft.
Posted on: Tue, 27 Jan 2015 11:01:00 +0000
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