Question

jaidev bought a piece of land for ₹ 10 lakh . he spent a ₹ 40000 on a boundary around it . he advertised in the local newspaper about his intention to sell this piece of land and spent ₹ 1000 for the same . he finally sold the land for ₹ 12.50 lakh . find his gain percentage .

Answer 1

It's profit percent is 11. 12

Answer 2

total expenditure = 1000000+40000+1000=1041000 rs
he sold it at 1250000 rs
so gain =209000 rs
gain percentage be =

$\frac{209000}{1041000} \times 100 = 20.07 \: \%$