Mr Gupta purchased a house for * 4,80,000. He spent * 25,000 on its repairing and 15,000 on it
decoration. After sometime, he

Question

Mr Gupta purchased a house for * 4,80,000. He spent * 25,000 on its repairing and 15,000 on it
decoration. After sometime, he sold it for 5,32,000. Find the profit/loss per cent ​

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Remi 2 months 2021-07-27T15:33:20+00:00 2 Answers 0 views 0

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    0
    2021-07-27T15:34:24+00:00

    this photo is your answer

    0
    2021-07-27T15:34:55+00:00

    Answer:

    The profit Mr. Gupta faced is of 2.3 %

    Step-by-step explanation:

    Solution :

    Gupta purchased the house for = Rs. 4,80,000

    Repairing charges = Rs. 25,000

    Decoration charges = Rs. 15,000

    House sold for = Rs. 5,32,000

    The cost price of the house will include the overhead charges as well.

    ⇒ House’s price + repairing charges + decoration charges = Cost Price

    ⇒ Cost Price = 4,80,000 + 25,000 + 15,000

    Cost Price = Rs. 5,20,000

    __________________

    Determining whether it’s a profit or loss :

    • Selling Price = Rs. 5,32,000
    • Cost Price = Rs. 5,20,000

    ⇒ 5,32,000 > 5,20,000

    ⇒ SP > CP

    It’s a profit.

    __________________

    Profit percentage:

    ⇒ Profit % = (Selling Price – Cost Price)/Cost Price × 100

    ⇒ Profit % = (5,32,000 – 5,20,000)/5,20,000 × 100

    ⇒ Profit % = 12,000/5,200

    ⇒ Profit % = 2.3 %

    Profit % = 2.3 %

    Therefore, the profit Mr. Gupta faced is 2.3

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