Ram purchased a Janata Flat for Rs. 5,50,000. He spent Rs. 50,000 on repairs and white washing and then sold it for Rs. 7,00,000. Find his profit or loss.
can you all please give the full explanation
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Answered by
0
Answer:
Profit amount 1,00,000
Step-by-step explanation:
So, Ram has totally 5,50,000 + 50,000 = 6 lacs spent on the a Janata Flat. But he sold it at 7 lacs so, the he gained 1 lac more than he spent!!
Answered by
0
Answer:
Ram purchased flat for = ₹5,50,000
spent on repair and white washing = ₹50,000
sold it for = ₹7,00,000
C.P = ₹5,50,000 + ₹50,000
= ₹6,00,000
S.P = ₹7,00,000
profit/Gain = S.P - C.P
= ₹7,00,000 - ₹6,00,000
= ₹1,00,000 Profit/Gain
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