mr krishna purchase a flat for rs 925000 and spent rs 35000 on its renovation. if he sold the flat for rs 1080000 then %profit is
Answers
Answered by
6
Investment done by Mr krishna=925000+35000=960000
profit=1080000-960000=120000
profit%=(profit/CP)*100=(120000/925000)*100
Solve to get the answer.
profit=1080000-960000=120000
profit%=(profit/CP)*100=(120000/925000)*100
Solve to get the answer.
Answered by
1
Answer:
The % profit is 12.5 %
Step-by-step explanation:
Cost Price of Flat [ C.P ] = rs 925000
Renovation Cost = rs 35000 [ overhead expenses ]
Total C.P = Original C.P. + overhead expenses
Total C.P = 925000 + 35000
Total C.P = rs 960000
Selling Price of Flat [ S.P ] = rs 1080000
Since S.P > C.P,
There is profit to Mr. Krishna
Profit = S.P - C.P
= 1080000 - 960000
= 120000
Hence, Profit = 120000
Profit % =
=
= 0.125* 100
= 12.5 %
Hence , the % profit is 12.5 %
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