A property dealer purchased a flat for 5,00,000 and spent * 50,000 on repairing,<br />80,000 on wood work and white washing. He, then sold it for * 7,00,000. Find<br />his profit or loss. What was his profit or loss per cent?
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2
Step-by-step explanation:
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Answered by
1
Answer:
100/9%
Step-by-step explanation:
Cp of flat = 500000
overhead expenses = 50000+80000
Then Actual CP = 500000+50000+80000 = 6,30,000
Sp of flat = 7,00,000
profit = 7,00,000 - 6,30,000
= 70,000
profit = 7000×100/630000
=100/9%
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