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P wants to sell his bungalow based in Lutyens, Delhi. Q and S wants to purchase it. The price of the bungalow is 50% and 100% more than the Q’s assets and S’s assets respectively. If Q and S decides to combine their assets in order to acquire this bungalow, then the price of bungalow would be approximately what percentage of these assets?

P wants to sell his bungalow based in Lutyens, Delhi. Q and S wants to purchase it. The price of the bungalow is 50% and 100% more than the Q’s assets and S’s assets respectively. If Q and S decides to combine their assets in order to acquire this bungalow, then the price of bungalow would be approximately what percentage of these assets? Correct Answer 85.71%

Let, Q has an asset of Rs. 100 

∴ Bungalow is being sold for 50% more = Rs. 150 

According to the question,

This Rs. 150 is 100% more than S’s assets, i.e. Rs. 150 is double what S has an asset. 

∴ S’s asset = 150/2 = Rs. 75 

Now, Q and S merge their resources together- they have Rs. 175 assets 

∴ Price of bungalow = Rs. 150

∴ Required percentage = 150/175 × 100 = 85.71%

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