MathematicsAnbarasan purchased a house for 17,75,000 and spent 1,25,000 on its interior decoration. He sold the house to make a profit of . The S.P of the house is Rs.[[1]].

Anbarasan purchased a house for 17,75,000 and spent 1,25,000 on its interior decoration. He sold the house to make a profit of . The S.P of the house is Rs.[[1]].


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    Solution:

    Concept- The S.P of the house is Rs. 22,80,000.
    The overall cost of buying the house and decorating it will be determined first. Then, based on a percentage of profit, we will determine the house's selling price, or S.P.
    , by using the formula
    profit and we will get the desired answer.
    Anbarasan bought a house for 17,75,000 and spent 1,25,000 decorating it; he subsequently sold the house to earn a profit; we now need to determine the S.P., or the selling price of the house. The cost price of the house, or the total C.P., will be determined initially. The cost of the house plus the cost of interior decoration will equal the overall cost price. Thus, the C.P can be found as,We know that he makes a profit of on selling the house. And,
    profit .
    Substituting the values in formula-
    We will take the LCM and get,
    Hence, the correct answer is Rs. 22,80,000.
     Syllabus: CBSE
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