Q9 of 94 Page 12

Jai kumar bought a plot of land in the outskirts of the city for Rs. 21,00,000. He built a wall around it for which he spent Rs. 1,45,000. And then he wants to sell it at Rs. 25,00,000 by making an advertisement in the newspaper which costs him Rs. 5,000. Now, find his profit percent.

Purchasing cost of the land = 21,00,000

Cost for building a wall = 1,45,000


Advertisement cost = 5,000


Total cost price of the plot = 21,00,000 + 1,45,000 + 5,000


= 22,50,000


Selling price = 25,00,000


Profit = Selling price - cost price


= 25,00,000 – 22,50,000 = 2,50,000


Profit % =


= × 100%


= 11.11%


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