a man bought a house for rs 128500 and after spending rs 21500 for necessary repairs, sold it for 436000. what was his total profit and percentage of profit
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Answer : Profit = 2,86,000
Profit percentage = 190%
( I think there must be some typing mistake in question so please do check it once because profit percentage is more than 100 which is quite impossible)
Step-by-step explanation:
Given : Cost price (C.P) of house = 128500 + 21500 = 1,50,000
Selling price (S.P) of House = 4,36,000
To find : Total Profit & Profit percentage
Total Cost prize of house = 128500 + 21500 = 1,50,000
Selling prize = 4,36,000
Profit = S.P - C.P = 4,36,000 - 1,50,000
Profit = 2,86,000
Therefore, profit percent = profit / Cost price × 100
Profit percentage = 2,86,000 / 1,50,000 × 100
Profit percentage = 190%
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