Question

sunita bought a 2nd hand flat and spent 2,00,000 on its renovation. she pay 90,000 to broker and sold flat at profit of 12.5% at 9,00,000.Find cost price of flat

Answer 1

sp = 900000
12.5%of 900000
=125×900
=112500
actual c.p.= 900000-112500
= 787500
paid to broker = 90000
then cost of buying and renovations =787500-90000
=697500
cp = 697500-renovations
= 697500-200000
=497500

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