Question

Monica bought a real estate property for ₹3,00,000. She built a boundary wall around
it and sold the property for ₹6,00,000. She made a profit of 20%. How much did she
spend as overheads?​

Answer 1

Answer:

2,40,000

Step-by-step explanation:

Cost price = 3,00,000

Profit % = 20

Profit = Sale price - cost price

⇒ Profit = Sale price - 3,00,000

Profit % = (Profit / cost price ) x 100

⇒ 20 ={ ( sale price - 3,00,000) / 3,00,000} x100

⇒ 20  = { ( sale price - 3,00,000) / 3,000}

⇒ 20 = { ( sale price - 3,00,000) / 3,000}

⇒ 20 x 3000 = ( sale price - 3,00,000)

⇒ 60,000 = ( sale price - 3,00,000)

⇒ 60,000 + 3,00,000 = Sale price

⇒ 3,60,000 = Sale price

Over heads expenses =  6,00,000 - 3,60,000 = 2,40,000