A dealer bought a piece of land at Rs 8,00,000 and divided into 10 plot he spent Rs 10,000 per plot for the development of the land. let he sold each plot for Rs1, 00,000,find his profit per cent.
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price of the land= 800000
Development costs= 10*10000= 100000
total cost for the dealer= 900000
then he sold all the 10 plots at a cost of 100000 per each.
then the sold price= 10*100000= 1000000
profit= sold-buy= 1000000-900000=100000
therefore profit percentage= profit/brought price*100
=100000/900000*100=1/9*100=100/9=11.1%
Development costs= 10*10000= 100000
total cost for the dealer= 900000
then he sold all the 10 plots at a cost of 100000 per each.
then the sold price= 10*100000= 1000000
profit= sold-buy= 1000000-900000=100000
therefore profit percentage= profit/brought price*100
=100000/900000*100=1/9*100=100/9=11.1%
arya59:
thanks
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