The total cost of the piece of land for which James, John and Jane decided to buy a piece of land is 1,200,000.
What is the total cost?
Total cost or the final cost is the summation of all the cost spend while buying any good or taking any service.
James, John and Jane decided to buy a piece of land. James paid 3/5 of the total cost while John paid 3/8 of the reminder. Thus, the fraction of amount paid by Jane is,
[tex]x=1-\dfrac{3}{5}-\dfrac{3}{8}\\x=\dfrac{40-24-15}{40}\\x=\dfrac{1}{40}[/tex]
The Jane paid, 30000 of total cost which is 1/40 part of it. Thus, the total cost of the piece of land is,
[tex]\dfrac{1}{40}x=30000\\x=30000\times40\\x=1200000[/tex]
Thus, the total cost of the piece of land for which James, John and Jane decided to buy a piece of land is 1,200,000.
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