Mr Gupta purchased a house for * 4,80,000. He spent * 25,000 on its repairing and 15,000 on itdecoration. After sometime, he sold it for 5,32,000. Find the profit/loss per cent About the author Remi
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 Reply
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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 :
⇒ 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