The price of a piece of land in pokhara was fixed at rs.1,20,00,000 at the end of 2020 AD. The price increased by 10% as the consequence of increasing buying pressure at beginning of 2021. But the price of land decreased by 4% due to the economic crisis at the end of 2020 A.D.
a)Find the price of 1 Aana land in the year 2020 A.d.
b) What will be the price of the land at the end of 2022?
c) How much loss will be there to the person if the price decreased by 5% instead of decreasing by 4% in 2022 AD?

Question

24-01-2024
Mathematics

Answered

The price of a piece of land in pokhara was fixed at rs.1,20,00,000 at the end of 2020 AD. The price increased by 10% as the consequence of increasing buying pressure at beginning of 2021. But the price of land decreased by 4% due to the economic crisis at the end of 2020 A.D.
a)Find the price of 1 Aana land in the year 2020 A.d.
b) What will be the price of the land at the end of 2022?
c) How much loss will be there to the person if the price decreased by 5% instead of decreasing by 4% in 2022 AD?

Answer :

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Meherpuya Meherpuya · Answer 1 · 2024-01-24T07:33:43-05:00

Answer:

a) To find the price of 1 Aana land in the year 2020 AD, you can use the information given. If the original price was Rs.1,20,00,000 and it decreased by 4%, you can calculate the reduced price:

\[ \text{Reduced price} = \text{Original price} - (\text{Original price} \times \text{Percentage decrease}) \]

Substitute the values to find the price of 1 Aana land in 2020 AD.

b) To calculate the price at the end of 2022 AD, consider that the price increased by 10% in 2021 and then decreased by 4% in 2022. Apply these changes sequentially to the initial price.

c) If the price decreases by 5% instead of 4% in 2022 AD, you can use the same approach as in part b but with a 5% decrease. Find the new price and calculate the loss by comparing it with the original price.