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 percent is

Options

A. 15
B. 17.5
C. 20
D. 12.5

Answer

To find the profit percentage for Mr. Y after selling the flat, we will follow these steps:

### Step 1: Calculate the Total Cost Price (CP)
The total cost price includes the purchase price of the flat and the renovation cost.

- **Purchase Price of the Flat**: ₹9,25,000
- **Renovation Cost**: ₹35,000

**Total Cost Price (CP) = Purchase Price + Renovation Cost**

\[ CP = 9,25,000 + 35,000 = 9,60,000 \]

### Step 2: Determine the Selling Price (SP)
The selling price of the flat is given in the question.

- **Selling Price (SP)**: ₹10,80,000

### Step 3: Calculate the Profit
Profit is calculated by subtracting the total cost price from the selling price.

**Profit = Selling Price - Cost Price**

\[ \text{Profit} = 10,80,000 - 9,60,000 = 1,20,000 \]

### Step 4: Calculate the Profit Percentage
Profit percentage is calculated using the formula:

\[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{Cost Price}} \right) \times 100 \]

Substituting the values we have:

\[ \text{Profit Percentage} = \left( \frac{1,20,000}{9,60,000} \right) \times 100 \]

Calculating the fraction:

\[ \text{Profit Percentage} = \left( \frac{1,20,000}{9,60,000} \right) = \frac{1}{8} \]

Now, converting to percentage:

\[ \text{Profit Percentage} = \frac{1}{8} \times 100 = 12.5\% \]

### Final Answer
Mr. Y's profit percentage is **12.5%**.

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