Question

Gagan bought a plot of land for Rs. 2,35,000. He built a boundary wall around the plot and levelled the land and sold it for Rs. 35,00,000, thus making a profit of 40 % on his investment.

Answer 1

Cost price of the land=21,00,000

money spent for building wall =1,45,000

money spent to advertise=5,000

so , total money spent =22,50,000

selling price =25,00,000

profit =SP - CP

=25,00,000 - 22,50,000 = 2,50,000

profit%= profit/CP × 100

=2,50,000/ 22,50,000 ×100

Answer 2

Answer:Cost price of the land=21,00,000

money spent for building wall =1,45,000

money spent to advertise=5,000

so , total money spent =22,50,000

selling price =25,00,000

profit =SP - CP

=25,00,000 - 22,50,000 = 2,50,000

profit%= profit/CP × 100

=2,50,000/ 22,50,000 ×100

Step-by-step explanation: