Question
A real estate investor owns three properties: X, Y, and
Z. What is the total profit earned from these properties after selling them? Statements: I: Property X was purchased for $250,000 and sold for $350,000. Property Y was purchased for $300,000 and sold for $450,000. Property Z was purchased for $200,000 and sold for $280,000. II: The investor incurred selling costs amounting to 5% of the selling price for each property. III: The investor's total investment across all properties was $800,000, and the selling prices of all properties combined were $1,200,000.Solution
Statement I: Profit from Property X = $350,000 - $250,000 = $100,000. Profit from Property Y = $450,000 - $300,000 = $150,000. Profit from Property Z = $280,000 - $200,000 = $80,000. Total profit = $100,000 + $150,000 + $80,000 = $330,000. Sufficient. Statement II: This affects the profit calculations but does not provide enough data without knowing the selling prices to apply the costs accurately. Not sufficient. Statement III: This gives the total investment and selling prices but does not detail individual profits or costs, making it insufficient on its own. Not sufficient. The answer is A.
- The population of a city grows by 12% annually. If the population after 2 years will be 31,360, what is the present population?
A man spends 20% of his monthly salary on rent and 35% on other expenses. He invests the remaining salary in shares and fixed deposits in the ratio of 7...
The marks scored by a boy in three subjects are in the ratio 2 : 3 : 4. Boy scored an overall aggregate of 75% in the exam. If the maximum marks in each...
- Aman spent 25% of his income on groceries and out of the remaining amount, he spent 30% on leisure activities, 20% on utilities, 10% on rent, and saved Rs....
A farm has a total of 15,000 chickens. Out of these, 28% are foreign breed chickens, while the rest are native breed chickens. Among the native breed ch...
- The population of a small town grows by 18% per year. If the population two years later is estimated to be 41,472, what is the population now?
The sum of the monthly incomes of ‘A’, ‘B’ and ‘C’ is Rs. 90000 which is 4 times the monthly income of ‘C’. If ‘A’ spends 55% of his...
In a given years, A sold 1600 caps while B sold 30% more number of caps than A and C sold 20% less number of caps than B. Find the ratio between the num...
The number of boys and girls in a school is 200 and 320 respectively. 20% of boys left the school while 40 girls took admission in the school. Find the ...
Raj saves Rs. 6000 more if he spends 55% of his income instead of 70%. Find the savings of Sanjay whose income is 25% more than that of Raj, and spends ...
