Multiple choice

Kirti bought a plot of land in the outer of the city for Rs. 32,50,000. She built a wall around it for which she spent Rs. 1,75,000. Then she wants to sell it at Rs. 40,00,000 by making an advertisement in the television which costs her Rs. 15,000. Find her approximate profit percent.

  1. 16.28%

  2. 13.27%

  3. 14.52%

  4. 15.25%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Total cost = 3250000 + 175000 + 15000 = 3440000. Selling price = 4000000. Profit = 560000. Profit % = (560000 / 3440000) * 100 = 16.279%.

AI explanation

Kirti's total cost price is the sum of the land purchase, the wall construction, and the advertisement, which is 3250000 + 175000 + 15000 = 3440000. Her selling price is Rs. 4000000, so her profit is 4000000 - 3440000 = 560000. Using the profit percentage formula, (Profit / Cost Price) times 100, the calculation is (560000 / 3440000) times 100. This results in an approximate profit of 16.28%.

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