Final answer:
The businessman paid zakat on gold, which, with some calculations that involve the zakat percentage and the price per tola, reveals that he owns 80 tolas of gold.
Step-by-step explanation:
The question presented is a mathematical problem that pertains to the calculation of the weight of gold possessed by a businessman, based on the amount of zakat paid. As zakat, the businessman paid Rs.120,000 on gold. With the given price of gold at Rs.60,000 per tola, we need to determine the weight of gold he has. A tola is a traditional South Asian unit of mass, equal to about 11.6638 grams.
To calculate the weight of the gold, we would use the following steps:
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- Calculate the zakat percentage (which is typically 2.5% for gold).
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- Divide the zakat paid by the zakat percentage to find the total value of the gold.
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- Divide the total value of the gold by the price per tola to find the weight of the gold in tolas.
Performing the calculations:
Step 1: Zakat = 2.5% of gold value.
Step 2: Total value of gold = Zakat paid / Zakat percentage = Rs.120,000 / 0.025 = Rs.4,800,000.
Step 3: Weight of gold in tolas = Total value / Price per tola = Rs.4,800,000 / Rs.60,000 per tola = 80 tolas.
Therefore, the businessman has 80 tolas of gold.