Gaurav bought a house for 20 lakhs. After six months, he sold the home for 28 lakhs . Find the loss percent
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it is profit not the loss
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Profit = S.P – C.P.
S.P = Rs 2800000
C.P = Rs 2000000
Profit =Rs ( 2800000 -2000000 ) = Rs800000
Profit Percent Formula = P r o f i t × 100 ÷C . P .
= 800000 ×100/2000000
=40
Ans :- Gaurav sold his home at 40% profit.
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