Question

Mr. Ramesh purchased a houses for rs 480000. He spent rs 25000 on its repairing and rs 15000 on its decoration. After some times he sold it for RS 532000. Find the profit/loss percent

Answer 1

Solutions :-

We have,

Cost of house = Rs 480000

Spent on repairing = Rs 25000

Spent on its decoration = Rs 15000

So,
Cost Price (C.P) of this house
= Rs (480000 + 25000 + 15000)
= Rs 520000

And
Selling price (S.P) of this house
= Rs 532000


Now,

Compare S.P and C.P :-

S.P > C.P

So, Profit

Profit = S.P - C.P
= Rs ( 532000 - 520000 )
= Rs 12000


Profit % = (profit × 100)/C.P %
= (12000 × 100)/520000
= 1200000/520000
= 2.30 % approx.


Hence,
Profit % of house is 2.30 %

Answer 2

$\huge\orange{\overbrace{\red{\underbrace{\color{pink}{{\red\:{✮Answer࿐}}}}}}}$

Solutions :-

We have,

Cost of house = Rs 480000

Spent on repairing = Rs 25000

Spent on its decoration = Rs 15000

So,

Cost Price (C.P) of this house

= Rs (480000 + 25000 + 15000)

= Rs 520000

And

Selling price (S.P) of this house

= Rs 532000

Now,

Compare S.P and C.P :-

S.P > C.P

So, Profit

Profit = S.P - C.P

= Rs ( 532000 - 520000 )

= Rs 12000

Profit % = (profit × 100)/C.P %

= (12000 × 100)/520000

= 1200000/520000

= 2.30 % approx.

Hence,

Profit % of house is 2.30 %