A Businessman bought a house for 1 Lakh and sold it for 2 Lakh. He once again bought the same house for 3 lakh and sold it for 4 Lakh. What is his total profit?
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Answered by
1
Answer:
Step-by-step explanation:
First he buys the flat with 1 lakh and sells it for 2 lakhs, which means he has 1 lakh profit. Then he buys it again for 3 lakh which means now he has -2 lakh profit(1-3 = -2). Now he sells it again for 4 lakhs. Which means now he has 2 lakhs profit. (-2+4 = 2).
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Answered by
1
Answer:
2 lakhs
Step-by-step explanation:
Profit at first transaction: sold price - bought price = 2 lakh -1 lakh = 1 lakh
Profit at second transaction: sold price - bought price = 4lakh -3 lakh = 1 lakh
total profit: 1 lakh + 1 lakh = 2 lakh
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