Question

Ridihma bought a second-hand flat spent Rs. $2,00,000$ on its renovation. She also had to pay Rs.$90,000$ to a broker. She then sold the flat for a profit of $12.5\%$ at Rs. $9,00,000$ Find the original cost at she had bought the flat.

Answer 1

Let $x$ be $C.P$ of flat

$x+2,00,000+90,000=x+2,90,000$

$S.P=(x+2,90,000)+\frac{12.5}{100}(x+2,90,000)$

$9,00,000=\frac{112.5}{100}\times (x+2,90,000)$

$x+2,90,000=8,00,000$

$x=5,10,000$