Question

After spending 75000 for remodelling a house ,saina sold the house at a profit 20% .if the selling price was 3600000 how much did he spend to buy the house

Answer 1

Answer:

Rs. 29,25,000

Step-by-step explanation:

Given:

S.P = Rs. 36,00,000

Remodeling Cost = Rs. 75,000

Profit % = 20%

Formula used:

Profit% = Profit/Cost price × 100

Calculation:

Let the cost price of house be ‘P’.

⇒ P × 120% = 36,00,000

⇒ P = (36,00,000 × 100)/120

⇒ P = 30,00,000

Cost price of house = P – Remodeling cost

⇒ 30,00,000 – 75,000

⇒ Rs. 29,25,000

∴ The cost of house is Rs. 29,25,000.