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Mr. Y purchased a flat for $ 9,25, 000 and spent $ 35, 000 for its renovation. If he sold the flat for $ 10, 80, 000 then his profit per cent is
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- 15.0
- 17.5
- 20.0
- 12.5
Correct Option: D
From the question ,
Actual cost price of flat = $ (925000 + 35000) = $ 960000
S.P. of flat = $ 1080000
Profit = (1080000 – 960000) = $ 120000
| Profit percent = | × 100 | Actual cost price of flat |
| Profit percent = | × 100 = 12.5% | 960000 |
