A farmer purchased a piece of land for rs.18 lakh and spent 3 lakhs for registration.He sold it for rs.24.57 lakh.Find the profit percentage?
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Answer:
Step-by-step explanation:
Cost price is 21 lakhs , selling price is 24.57 lakhs
Profit percentage = selling price/cost price into 100
24.57/21 x 100 = 2457/2100 x 100
351/3 = 117%
Therefore profit percentage is 117
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