Question

A house was purchased for Rs 4,00,000 and sold at a profit of 20%.Find the selling price.

Answer 1

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Cost Price of house=₹4,00,000

Profit%=20%

$profit = \frac{20}{100} \times 400000 \\ profit = 80000$

Profit=₹80000

We know that:-

Selling Price > Cost Price

Selling Price=Cost Price+Profit

Selling Price=400000+80000

:. Selling Price=₹4,80,000

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Answer 2

Step-by-step explanation:

S.P=480000