Question

Prasad purchased a flat for RS.45 lakhs .He spent RS.2.5 lakhs for renovations and then he sold his flat for RS.48,75,500. Find the profit made by Prasad.​

Answer 1

Answer:

Rupees 1,25,500

Step-by-step explanation:

Amount Prasad bought the flat in = C.P = 45,00,000

Amount Prasad spent on renovations = C.P = 2,50,000

Total C.P = 45,00,000 + 2,50,000

= 47,50,000

Amount Prasad sold the house for = 48,75,500

Profit = S.P - CP

= 48,75,500 - 47,50,000

= 1,25,500

Hence the profit made in the transaction is rupees 1,25,500

Answer 2

Answer:

1,25,500

Step-by-step explanation:

Amount Prasad bought the flat in = C.P = 45,00,000

Amount Prasad spent on renovations = C.P = 2,50,000

Total C.P = 45,00,000 + 2,50,000

= 47,50,000

Amount Prasad sold the house for = 48,75,500

Profit = S.P - CP

= 48,75,500 - 47,50,000

= 1,25,500

Hence the profit made in the transaction is rupees 1,25,500