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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Answer:
C.P=5,00,000
Total=5,00,00+80,000+50,000
=630000
Sold=700000
profit= 70,000
profit%=S.P/C.P×100%
=11.11%
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