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Railways PYQCBT 1 2016

RRB NTPC · Question 66

A father purchased a piece of land for Rs. 18 lakh and spent Rs. 3 lakh for registration, fencing etc. He sold it for Rs. 24.57 lakh. Find his profit in percentage?

  1. 15%

  2. 14.15%

  3. 16.5%

  4. 17%

Show answer & explanation

Answer: (D) 17%

Explanation

Total cost = 18 + 3 = Rs 21 lakh, and selling price = Rs 24.57 lakh. Profit = 3.57 lakh, and profit % = 3.57/21 × 100 = 17%.