Xavier Aptitude Test 2012 Paper

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Question : 85 of 85

Marks: +1, -0

A property dealer bought a rectangular piece of land at Rs.1000/sqft. The length of the plot is less than twice its breadth. Due to its size, there were no buyers for the full plot. Hence he decided to sell it in smaller sized pieces as given below:

The largest square from one end was sold at Rs. 1200/ sqft. From the remaining rectangle the largest square was sold at Rs. 1150/sqft.

Due to crash in the property prices, the dealer found it difficult to make 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.) the remaining part of the land is to be sold such that the dealer makes an overall profit of 10%?

500/sqft
550/sqft
600/sqft
650/sqft
None of the above

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