7. An old house was bought for three lakh seventy-five thousand rupees. One lakh
twenty-five thousand rupees were spent for its repairs. It was then sold at 20% profit
How much was the profit in the transaction.
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Answer:
Rs. 6,00,000
Step-by-step explanation:
Total CP = 3,75,000 + 1,25,000 = 5,00,000 Rs
SP = 120CP/100 = 12/10 × 5,00,000 = 6,00,000 Rs
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