Question

Amal Babu on purchasing a house spent 3000 for repairing. Afterwards, he sold the house to Ramesh Babu at 12/1/2 profit Ramesh Babu after spending further * 1000 for renovation, sold the house at 66,000 and thus made 20% profit. At what price did Amal Babu buy the house? (answer is ₹45000)​

Answer 1

Step-by-step explanation:

given selling price of Ramesh babu is 66000

sp= cp+ profit

66000 = cp+ (20/100)cp

66000 = (6/5)cp

cp= 55000

cp - renovation cost = selling price of amal babu

55000-1000= 54000

54000= cp+ (25/200)cp

54000= (225/200)cp

cp= 48000

cp = cp of house + renovation cost

48000= cp of house + 3000

cp of house = Rs 45000