Question

A house was purchased for 1000000 and sold at a profit 20% find the selling price of the house

Answer 1

it is the correct answer

Answer 2

$\textbf{\underline{\underline{Answer :-}}}$

The Selling Price of the house is RS.12,00,000

$\textbf{\underline{\underline{Explanation :-}}}$

$\textsf{\underline{\underline{Given :}}}$

The house was purchased (CP) = Rs.10,00,000

Profit = 20%

$\textsf{\underline{\underline{To find :}}}$

The Selling Price of the house

$\textsf{\underline{\underline{Solution :}}}$

According to the formula =

$\tt{\implies \: SP = \dfrac{100 +Gain\%}{100 } \times CP}$

$\tt{\implies \: SP = \dfrac{100 + 20}{100} \times 1000000 }$

$\tt{\implies \: SP = \dfrac{120}{100} \times 1000000 }$

$\tt{\implies \: SP = \dfrac{120}{1{\cancel{00}}} \times 10000{\cancel{00}} }$

$\tt{\implies \: SP = 120 \times 10000}$

$\tt{\implies \: SP = 1200000}$

${\large{\boxed{\tt{SP = Rs.1200000 }}}}$

$\therefore$The Selling price of the house is Rs.12,00,000

$\textbf{\underline{\underline{Verification :-}}}$

$\tt{\Rightarrow1200000 = \frac{100 + 20}{100} \times 1000000 }$

$\tt{\implies \: 1200000 = \dfrac{120}{100} \times 1000000 }$

$\tt{\implies1200000= \dfrac{120}{1{\cancel{00}}} \times10000{\cancel{00}} }$

$\tt{\implies \: 1200000 = 120 \times 10000}$

$\tt{\implies \: 1200000= 1200000}$

${\boxed{\tt{ LHS = RHS }}}$

$\therefore$The Selling Price of the house is RS.12,00,000