Q14 Mr. Durani bought a plot of land for ₹ 180000 and a car for ₹ 320000 at the same time. The value of the plot of land grows uniformly at the rate of 30% p.a.., while the value of the car depreciates by 20% in the first year and by 15% p.a. thereafter. If he sells the plot of land as well as the car after 3 years, what will be his profit or loss?

Solution

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