Question

santosh purchases a lot for rs 250000 and sells it at the profit of 15%. find the selling price and the amount of the profit.

Answer 1

CP of plot = Rs. 250000

Profit % = 15 %

SP of plot = CP * (100 + P%)/100

= 250000 * (100 + 15)/100

= 250000 * 115/100

= 2500 * 115

= 287500

SP of plot = Rs. 287500

Profit = SP - CP

= 287500 - 250000

= 37500

Profit = Rs. 37500

Therefore SP of plot is Rs. 287500 and profit is Rs. 37500.