Amar sold his flat at profit of 10 percent .If it had been sold for rupees 1,05,000 less then the profit would have been 7 percent .Find the cost of the flat
Answers
Given:
Amar sold his flat at a profit of 10%
If it had been sold for rupees 1,05,000 less then the profit would have been 7%
To find:
The cost of the flat
Solution:
Let say,
"S.P." → represents the selling price of the flat
"C.P." → represents the cost price of the flat
Since Amar sold his flat at a profit of 10%, so we can form an eq. as,
....... (i)
Also, if the flat would have been sold for Rs. 105000 less then he would have made a profit of 7%,
so we can form an eq. as,
substituting from (i)
Thus, the cost of the flat is → Rs. 3500000.
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Amar sold his flat at profit of 10 percent .If it had been sold for rupees 1,05,000 less then the profit would have been 7 percent .Find the cost of the flat