Mr.Y purchased a flat for Rs.9,25000 and spent Rs.35. 000 for its renovation. If he sold the flat for Rs.10, 80. 000 then his profit percent is.
1). 15.0
2). 17.5
3). 20.0
4). 12.5
C.P.= 9,25000+35,000= 9,60000
S.P.= 10,80.000
Profit%= (10,80.000-9,60000)/ 9,60000* 100 = 12.5%(ans)