Question

Jaikishan bought a plot of land for ₹2200000 . He built a boundary wall around it which cost him ₹ 195000. He advertised in the local newspaper about his in intension to sell it , which cost him ₹ 5000 . He was finally able to sell it for ₹ 2700000 . What is his profit percent ?​

Answer 1

$\large\underline{ \underline{ \sf \maltese{ \: Question:- }}}$

• Jaikishan bought a plot of land for ₹2200000 . He built a boundary wall around it which cost him ₹ 195000. He advertised in the local newspaper about his in intension to sell it , which cost him ₹ 5000 . He was finally able to sell it for ₹ 2700000 . What is his profit percent ?

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$\large\underline{ \underline{ \sf \maltese{ \: Given:- }}}$

• Cost of Land = $\sf\green{ ₹22,00,000}$

$\blue{\fbox\orange{Overhead \: Charges }}$

• Boundary Wall = $\sf\green{₹1,95,000 }$
• Advertisement = $\sf\green{ ₹5,000 }$
• Total Overhead Charges = 195000 + 5000= $\sf\orange{ ₹2,00,000 }$

So, Real Cost Price = 2200000 + 200000

$\sf\green{ ₹ 24,00,000 }$

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$\red{\fbox\blue{Cost \: Price \: = \: ₹24,00,000}}$

$\red{\fbox\blue{Selling \: Price \: = \: ₹27,00,000}}$

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$\large\underline{ \underline{ \sf \maltese{ \: Solution:- }}}$

There is a profit as SP > CP

$\begin{gathered}\begin{gathered}\begin{gathered}: \implies \underline\blue{ \boxed{\displaystyle \sf \bold\orange{\: Profit \: = \: SP \: - \: CP }} }\\ \\\end{gathered}\end{gathered}\end{gathered}$

$\quad {:} \longrightarrow \sf{\sf{ Profit \: = \: 2700000\: - \: 2400000 }}$

$\qquad\quad {:} \longrightarrow \underline \red{\boxed{\sf{ Profit \: = \: ₹\: 3,00,000 }}}$

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$\begin{gathered}\begin{gathered}\begin{gathered}: \implies \underline\blue{ \boxed{\displaystyle \sf \bold\orange{\: Profit\% \: = \: \frac{Profit}{Real \: Cost } \: × \: 100 }} }\\ \\\end{gathered}\end{gathered}\end{gathered}$

$\begin{gathered}\begin{gathered}\\ : \implies \displaystyle \sf \: \frac{300 \cancel{0}\cancel{0} \cancel{0} }{24 \cancel{0}\cancel{0} \cancel{0} \cancel{0} \cancel{0} } \: \times \: 1 \cancel{0} \cancel{0} \cancel{0} \\ \\ \\\end{gathered}\end{gathered}$

$\begin{gathered}\begin{gathered}\\ : \implies \displaystyle \sf \: \frac{300}{24 } \: \\ \\ \\\end{gathered}\end{gathered}$

$\qquad\quad {:} \longrightarrow \underline \red{\boxed{\sf{ Profit \% \: = \: 12.5\% }}}$

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$\begin{gathered}\begin{gathered}\qquad \therefore\: \sf{ Profit \% \: = \underline {\underline{ 12.5 \%}}}\\\end{gathered}\end{gathered}$

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More to know :-

$\boxed{\begin{minipage}{5cm}\bigstar \:\underline{\textbf{Profit and Loss Formulas :}}\\\\ \\ \sf {\textcircled{\footnotesize\textsf{1}}} \:S.P. = \sf \bigg\lgroup\dfrac{100 + Profit \%}{100}\bigg\rgroup \times 100 \\\\\\ \sf {\textcircled{\footnotesize\textsf{2}}} \:\:C.P. = \sf \dfrac{S.P. \times 100}{100 + Profit \%} \\\\\\\sf{\textcircled{\footnotesize\textsf{3}}} \:\:Profit = \sf \dfrac{Profit \% \times C.P.}{100} \\\\\\ \sf{\textcircled{\footnotesize\textsf{4}}} \: \:Profit (gain) = S.P. - C.P. \\\\\\\sf{\textcircled{\footnotesize\textsf{5}}} \: \: \sf Profit \% = \dfrac{Profit}{C.P.} \times 100 \end{minipage}}$

Request:-

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