After spending Rupees sixty thousand for remodeling a house, Amla sold a house at a profit of 20%. If the selling price was Rupees forty-two lakhs, how much did she spend to buy the house?
Selling price (S.P) = 42,00,000
Spent on remodeling = 60,000
Profit % = 20%
Profit % = ![]()
20 = ![]()
2×C.P = 10(42,00,000 – C.P)
12 C.P = 4,20,00,000
C.P = 35,00,000
Cost Price = Cost price of house + other expenses
35,00,000 = C.P of house + 60,000
C.P of house = 34,40,000
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