Question

A dealer purchased an old flat for Rs 4,75,000
and spent Rs 25,000 for its repairs and
renovation. He then sold it to Mr. Devilal at a
profit of 25%. What is the cost price of the flat
for Mr. Devilal ?​

Answer 1

Answer:

Step-by-step explanation: Adding all the cost spent by the dealer on the flat we get 4,75,000+25000=₹5,00,000.

Now, as the profit is 25%, we will find out 25% of 5,00,000. So, (25/100)×5,00,000=₹1,25,000. So, the cost price of Flat for mr devilal is 1,25,000+5,00,000=₹6,25,000.

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