Question

A real estate developer purchased 2 acres of land for Rs. 1.5 crore. He divided it into 25 residential plots. He sold them at Rs. 25 lakhs per plot. What is his profit percentage?

Answer 1

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Answer 2

Answer:

The profit percentage of the real estate developer = 83.33%

Step-by-step explanation:

Cost Price of the 2 acres of land = Rs. 1.5 crore

Cost Price of the land in figures = Rs. 15000000

Number of plots in which the land is divided = 25

Selling price of one plot = Rs. 2500000

So, Profit earned by selling the plots = 15000000 - 2500000

                                                             = Rs. 12500000

Now, Profit percentage = 12500000/15000000 × 100

                                       = 83.33%

Therefore, The profit percentage of the real estate developer = 83.33%