Vinoth purchased a house for `27, 50,000. He spent `2,50,000 on repairs and painting. If he sells the house for `33,00,000 what is his profit or loss %
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Vinoth purchased the house at 2750000...
He spent 250000 on repairs and painting...
Total =2750000+250000=3000000(total cost price of the house)
Selling price of house =3300000
Profit =S.P-C.P
=3300000-3000000=300000
Profit %=profit/C.P*100
=300000/3000000*100
=3/30*100
=1/10*100
=100/10
=10%
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