Question

A farmer purchased a piece of land for rs 18 lakh and spent rs 3 lakh for registration.he sold it for rs 24.57 lakh.find his profit in percentage

Answer 1

Here is your answer

I hope this may help you

Answer 2

CP of Land = 1800000

Amount spent on registration = 300000

Real CP = (1800000+300000) = Rs. 2100000

SP of land = 24,57,000

Profit = SP - CP

=> 24,57,000-2100000

=> 3,57,000

Profit% = ( profit / CP × 100) %

=>( 357000/210000×100)%

=> (35700000/2100000)%

=> (357/21)%

=> 17%

Ans :- His profit% was 17%