Jaikumar bought a plot of land in the outskirts of the city for Rs 21,00,000. He built a wall around it for which he spent Rs 1,45,000. And then he wants to sell itat Rs 25,00,000 by making an advertisement in the newspaper which costs him Rs 5,000. Now, find his profit percent.
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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
profit%=11.12%
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
profit%=11.12%
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