Question

Kiran purchase a house for $Rs7,45,000$. He spent $Rs30,000$ on repairs and painting. Then sold it for $Rs9$ lakhs. Find his profit in percentage.

Answer 1

Cost price $=745000$ Rs.

Repairs & painting $=30,000$ Rs.

Total cost price$=775000$ Rs.

Selling price$=900000$ Rs.

Profit $\%=\frac{900000-775000}{775000}\times 100$

$=16.13\%$.