Mr. Mittal purchased two steel factories, one in india and other one in Malaysia for total Rs. 72 crores. Later on he sold the Indian factory at 16% profit and Malaysian factory at 24% profit. Thus he gained a total profit of 19%. The selling price of Indian factory is :

45 crore

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52.2 crore

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8.55 crore

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Cannot be determined

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Solution

The correct option is B 52.2 crore

Thus the cost price of Indian factory = $\frac{5}{8} \times 72 = R s . 45 c r o r e .$
Therefore, the selling price of Indian factory is
$= 45 + \frac{45 \times 16}{100} = 52.2 c r o r e$

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Mr. Mittal purchased two steel factories, one in india and other one in Malaysia for total Rs. 72 crores. Later on he sold the Indian factory at 16% profit and Malaysian factory at 24% profit. Thus he gained a total profit of 19%. The selling price of Indian factory is :

The correct option is B 52.2 crore Thus the cost price of Indian factory = 58×72=Rs.45 crore. Therefore, the selling price of Indian factory is =45+45×16100=52.2 crore

The correct option is B 52.2 crore

Thus the cost price of Indian factory = $\frac{5}{8} \times 72 = R s . 45 c r o r e .$
Therefore, the selling price of Indian factory is
$= 45 + \frac{45 \times 16}{100} = 52.2 c r o r e$