Simi bought a plot of land for Rs. 22,00,000. She built a boundary wall around it which cost her Rs.1,95,000. She advertised in the local newspaper about her intention to sell it which cost her Rs.5,000. She was finally able to sell it for Rs. 27,00,000. What is her profit per cent?
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Given :
Simi bought a plot of land for Rs. 22,00,000. She built a boundary wall around it which cost her Rs.1,95,000. She advertised in the local newspaper about her intention to sell it which cost her Rs.5,000. She was finally able to sell it for Rs. 27,00,000
To find :
What is her profit percent
Solution :
Cost of land = Rs 22,00,000
Overheads
a. Boundary wall = Rs 1,95,000
b. Advertisement = Rs 5000
Total overhead expenses = Rs 2,00,000
So, the real cost 22,00,000 + 2,00,000
➸ Rs 24,00,000
➸ Selling price = Rs 27,00,000
➸ Profit = 2700000 - 2400000
➸ Rs 3,00,000
Profit per cent = profit/real cost x 100
➸ 300000/2400000 x 100
➸ 12.5%
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Answer:
this is 11.1111111 answer is correct 12.5 is incorrect
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