Question

After spending rupees sixty thousands for remodelling a house amula sold a house at a profit of 20 if the selling price was rupees forty two lakhs how two lakhs how make did she spent to buy the house?

Answer 1

Answer:

Step-by-step explanation:

Let the cost price of the house be - x

Given info,

The amount paid for remodeling the house - Rs. 60,000

Therefore, the total amount spend on the house - x + 60,000

The Selling price of the house - Rs. 42,00,000

The profit percent made on it - 20%

Thus,

x+60,000 = 42,00,000*100/120

x+60,000 = 35,000*100 (cancel 42 lakh and 120)

x+60,000 = 35,00,000 (multiply 100)

∴ x = 35,00,000-60,000

∴ x = 34,40,000

Therefore, cost price of house is 34.4 lakhs