Question

After spending rs 75000 for remodelling a house, Sania sold the house at a profit of 20%. If the selling price was rs 3600000, how much did she spend to buy the house?

Answer 1

Let the CP be x
Overhead expenses=₹75000
Profit%=20%
SP=₹3600000

x+(x*20/100)=3600000
x+20x/100=3600000. LCM=100
100x/100+20x/100=3600000
120x/100=3600000
x=3600000/120*100
x=3000000
x-overhead expenses
Ans=2925000


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Answer 2

Step-by-step explanation:

Given

profit=20%

sp=3600000

over head expenses=75000

real cp = cp + 75000

= x + 75000

cp = 100/100 + profit × sp

x + 75000 = 100/100+20 × 3600000

x + 75000 = 100/120 × 3600000

x + 75000 = 3000000