Question

Akhilesh bought a house for Rs 9,50,000. Rs 50,000 was spent on colour. For earning a profit of 14.5%, how much should sell the home for?

• A. $Rs7,55,000$
• B. $Rs8,55,000$
• C. $Rs5,45,000$
• D. None of these

Answer 1

Answer: (D)

None of these

Total rupees spent to buy the building and for painting

$=9,50,000+50,000=Rs.10,00,000$

Now,

profit taken for selling of building is more than $14.5\%$ of total cost of building including painting;

So, $14.5\%of10,00,000$

$=1000000\times \frac{14.5}{100}$

$=145000.$

Now,

Selling price of building after gaining profit is

$=10,00,000+1,45,000=Rs.11,45,000$