Question

Sheila bought a house for 70 lakhs.
She spent 4 lakhs on renovation and
appointed a caretaker for an annual
salary of 50,000. After 2 years, she sold
the house for 81 lakhs. Find her profit
percent.​

Answer 1

Answer 8.72%

1.total CP of house is renovation cost + care taker salary rupees 50000 and the CP of house rupees 7000000 which in total results in Rupees 70450000. 2.Then the total SP for which she sold the house is rupees 8100000. 3.to find the profit percent profit/cp×100 which is ₹8100000-₹7450000=₹650000

650000/7450000×100=8.72%