Question

A property dealer purchase a flat for 5 lakh and spent 50000 on repairing 80000 on wood work and whitewashing he then sold it for Rs 700000 find his profit or loss percent

Answer 1

Hey mate,.

your answer is in the photo.

Hope it will help you

Answer 2

Given :

A property dealer purchased a flat for 5 lakh.

The dealer spent -

RS 50,000 on repairing

RS 80,000 on wood work and whitewashing.

He sold the flat for RS 700,000 .

To find :.profit or loss percentage of a flat.

Solution :

Cost price of flat = 5 lakh.

Extra expenditure on a flat -

50,000 + 80,000 = 1,30,000 RS.

So total cost of flat will be

5,00,000 + 1,30,000 = 6,30,000 RS.

Selling price of a flat = 7,00,000

profit = Selling price - cost price

profit = 7,00,000 - 6,30,000

= 70,000 RS

profit percentage

( 70,000 / 6,30,000 ) x 100

= 700 / 63

= 11.11 %

Hence profit percentage is 11.11 %.