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A piece of land came to a person through...

A piece of land came to a person through three middleman each gaining 20%. If the person purchased the land for 3,45,600the original cost of the land was

A

1,00,000

B

1,50,000

C

1,75,800

D

2,00,000

Text Solution

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The correct Answer is:
To find the original cost of the land before it passed through the three middlemen, we can follow these steps: ### Step-by-Step Solution: 1. **Understanding the Gain of Each Middleman**: Each middleman gains 20%. This means that when the land is sold, it is sold for 120% of the cost price. In fraction form, this is: \[ 120\% = \frac{120}{100} = \frac{6}{5} \] 2. **Calculating the Total Gain Through Three Middlemen**: Since there are three middlemen, the cost price of the land will be multiplied by \( \left(\frac{6}{5}\right)^3 \) to find the final selling price. This can be expressed as: \[ \text{Final Selling Price} = x \times \left(\frac{6}{5}\right)^3 \] where \( x \) is the original cost of the land. 3. **Setting Up the Equation**: We know the final selling price is 3,45,600. Therefore, we can set up the equation: \[ x \times \left(\frac{6}{5}\right)^3 = 3,45,600 \] 4. **Calculating \( \left(\frac{6}{5}\right)^3 \)**: First, calculate \( \left(\frac{6}{5}\right)^3 \): \[ \left(\frac{6}{5}\right)^3 = \frac{6^3}{5^3} = \frac{216}{125} \] 5. **Substituting Back into the Equation**: Now substitute this back into the equation: \[ x \times \frac{216}{125} = 3,45,600 \] 6. **Solving for \( x \)**: To isolate \( x \), multiply both sides by the reciprocal of \( \frac{216}{125} \): \[ x = 3,45,600 \times \frac{125}{216} \] 7. **Calculating \( x \)**: Now perform the multiplication: \[ x = 3,45,600 \times \frac{125}{216} = 3,45,600 \div 216 \times 125 \] First, calculate \( 3,45,600 \div 216 \): \[ 3,45,600 \div 216 = 1,600 \] Then multiply by 125: \[ 1,600 \times 125 = 2,00,000 \] 8. **Final Answer**: Thus, the original cost of the land was: \[ \boxed{2,00,000} \]
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