A property dealer purchased a flat for Rs.5,00,000 and spent Rs.50,000 on repairing, Rs.80,000 on wood work and white washing. He, then sold it for Rs.7,00,000. Find his profit or loss. What was his profit or loss per cent?
Answers
Answered by
1
Answer:70000 profit 10%
Step-by-step explanation:
Answered by
1
Answer:
Profit = 70,000
Profit Percent % = 11.11%
Step-by-step explanation:
Given that ;
Price of the flat = Rs . 5,00,000
Spent on Repairing = Rs. 50,000
Spent Wood Work & White washing = Rs. 80,000
Selling Price of the flat ( SP ) = 7,00,000
Cost Price (C.P )
= Price of the flat + Money spent on the flat for repairing and Wood works
C.P = 5,00,000 + 50,000 + 80,000
C.P = 6,30,000
Dealer spent on the flat ( CP ) = 6,30,000
Profit = SP - CP
Profit = 7,00,000 - 6,30,000
Profit = Rs. 70,000
Profit Percent % = Profit / CP × 100
P% = 70,000 / 6,30,000 × 100
P% = 70,000 / 6,300
P% = 11.11 %
Similar questions