Question
Anil purchased a plot for Rs. 125,000 and spent Rs.
25,000 on legal fees. If he sold the plot for Rs. 180,000, find the profit percent earned by Anil.Solution
ATQ, Total cost price of plot = 125,000 + 25,000 = Rs. 150,000 Total selling price of plot = Rs. 180,000 Profit earned = 180,000 - 150,000 = Rs. 30,000 So, required profit percent earned = (30,000/150,000)×100 = 20% Final Answer: Anil earned a profit of 20%.
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