A dealer sold a house for Rs.150000 by making a profit of Rs. 8000. Find the cost price of the house.


Given:


S.P of the House = Rs.1,50,000


Profit made =  Rs.8,000


To do:


We have to find the C.P of the house.


Solution:


We know that,


Profit = S.P $-$ C.P


So, C.P =  S.P $-$ Profit 

Therefore,


C.P = Rs.1,50,000 $-$ 8,000


C.P = Rs.1,42,000


Therefore, the cost price of the house is Rs.1,42,000.

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Updated on: 10-Oct-2022

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