Question

Property dealer purchased a flat for 5,00,000 and is Spent 50,000 on repairing 80000 on woodwork and whitewashing he then sold it for 7 lakh find his profit or loss what was his profit or loss percent

Answer 1

Cp of flat = 500000

overhead expenses = 50000+80000

Then Actual CP = 500000+50000+80000 = 6,30,000

Sp of flat = 7,00,000

profit = 7,00,000 - 6,30,000

= 70,000

profit = 7000×100/630000

=100/9%

Answer 2

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✨CP OF FLAT=500000

✨OVERHEAD EXPENSES =50000+80000

✨ACTUAL CP=500000+50000+80000

=630000

SP OF FLAT=700000

PROFIT=700000-630000

=70000

PROFIT=7000*100/630000

=100/9 %

$<font color="blue">$

ANSWER IS 100/9%