Mr. Krishna purchased a flat for Rs. 9.25,000 and spent Rs. 35000 on its renovation. If he sold the flat for Rs. 10,80,000, then the percentage of his profit is:
Given:
Purchase Price = Rs 9,25,000
Renovation Cost = Rs 35,000
Selling Price = Rs 10,80,000
Formula Used:
Profit % =
Solution:
Total Cost Price = 9,25,000 + 35,000 = 9,60,000
Profit = 10,80,000 − 9,60,000 = 1,20,000
Profit % =
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