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    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.
    A 25% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 50% Correct Answer Incorrect Answer
    D 10% Correct Answer Incorrect Answer

    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)├Ч100 = 20% Final Answer: Anil earned a profit of 20%.

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