Mahi bought a piece of land for 10 lakh. He spend 40000 on a boundary around it.He advertised in the local newspaper about his intention to sell this piece of land and spent1000 for the same. He finally sold the land for12.50 lakh.Find his gain percentage.
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Answer:
1000000 for land
+ 40000 for boundaries
+ 1000 for advertising
total 1041000 spend
1250000-1041000=209000 profit
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