Question

a man suffer a loss of 12 % by selling his house for rs 55 lakhs if the house is old for rs 70 lakhs find out the percentage of profit and loss ​

Answer 1

.88% of x = 55
X = 62.5

Sold for 70 then profit = 70-62.5 = 7.5
% profit = 7.5/62.5 * 100 = 12%

Answer 2

Answer:

There is $18.1$% profit.

Step-by-step explanation:

It is given that the house is sold at Rs. $55lakhs$

He suffers a loss of $12$%.

Selling Price is the price at which the product is bought.

Loss is the difference between cost price and selling price.

If cost price is $x$.

Then according to question,

$0.8x=55,00,000$

Hence, Cost Price is $CP=Rs.6875000$

If it is sold at Rs.$70,00,000$.

Then there will be profit as CP<SP

Profit $=7000000-6975000$

$=125000$

Percentage profit is $\frac{125000}{6875000}*100$

$=18.1$%

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