Mr Gupta purchased a house for * 4,80,000. He spent * 25,000 on its repairing and 15,000 on it
decoration. After sometime, he sold it for 5,32,000. Find the profit/loss per cent
Answers
Answer:
The profit Mr. Gupta faced is of 2.3 %
Step-by-step explanation:
Solution :
Gupta purchased the house for = Rs. 4,80,000
Repairing charges = Rs. 25,000
Decoration charges = Rs. 15,000
House sold for = Rs. 5,32,000
The cost price of the house will include the overhead charges as well.
⇒ House's price + repairing charges + decoration charges = Cost Price
⇒ Cost Price = 4,80,000 + 25,000 + 15,000
⇒ Cost Price = Rs. 5,20,000
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★ Determining whether it's a profit or loss :
- Selling Price = Rs. 5,32,000
- Cost Price = Rs. 5,20,000
⇒ 5,32,000 > 5,20,000
⇒ SP > CP
It's a profit.
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★ Profit percentage:
⇒ Profit % = (Selling Price - Cost Price)/Cost Price × 100
⇒ Profit % = (5,32,000 - 5,20,000)/5,20,000 × 100
⇒ Profit % = 12,000/5,200
⇒ Profit % = 2.3 %
Profit % = 2.3 %
Therefore, the profit Mr. Gupta faced is 2.3
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