Discussion
Sasi purchased a house for ₹ 27,75,000 and spent ₹ 2,25,000 on its interior decoration. He sold the house to make a profit of 40%. What is the selling price of the house?
Answer: C
The selling price is ₹ 42,00,000.
The cost price includes the money spent on decoration:
\[ \begin{aligned} \text{CP} &= 27{,}75{,}000 + 2{,}25{,}000 = 30{,}00{,}000 \\ \text{SP} &= 30{,}00{,}000 \times \frac{140}{100} = 42{,}00{,}000 \end{aligned} \]
Applying the 40% profit to the purchase price alone gives about ₹ 38.85 lakh, which is not an option; ₹ 36,00,000 is a 20% profit, and ₹ 31,20,000 and ₹ 48,00,000 match no stated rate.
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