Sonam bought a plot Oakland for rupees 10 lakh after 2 years he sold the land for 12lakh 70000find his profit after selling the land what is the profit percentage
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Answer:
rate of land while buying(C.P)=1000000
rate of land while selling(S.P)=1270000
profit while selling the land=270000
Profit%=100xprofit/C.P
100x270000/1000000
cancel 4 zeros in 275000 and 1000000
so now 100x27/100
strike 100 in both up and down
so the profit%=27
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