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Profit and Loss
Arun purchased a house for Rs.75000 and a site for Rs.15000 respectively, if he sold the house for Rs.83000 and the site for Rs.10000, then find the resultant percentage of gain?
1) 3%
2) 31/3%
3) 30%
4) 331/3%
Read Solution (Total 2)
-
- Ans=3%
profit from first house=83000-75000=8000
loss from second house=15000-10000=5000
totally profit gained is 3000
now from formula profit%=(gain*100/c.p)
3000*100/98000=3.06% (here c.p is considered from the total c.p of two houses)
- 10 years agoHelpfull: Yes(1) No(2)
- purchased = 75000+15000=90000
Sell = 83000+10000=93000
Profit% = (93000-90000/90000)*100 = 3(1/3)%
which is approximate to 3% - 8 years agoHelpfull: Yes(1) No(0)
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