Bissoy.com
Doctors Medicines MCQs Q&A

Khemchand bought a plot of land for Rs. 30 lakh. He spent Rs. 1 lakh on leveling the land, Rs. 85 lakh to construct 4 flats on the plot, and Rs. 1.25 lakh per flat for painting furnishing and advertising. Finally, he sold all the flats for Rs. 60 lakh each. Additionally, he added the GST of Rs. 50,000 for each flat. What was the profit in percentage that Khemchand made (after GST) in the entire transaction?

Khemchand bought a plot of land for Rs. 30 lakh. He spent Rs. 1 lakh on leveling the land, Rs. 85 lakh to construct 4 flats on the plot, and Rs. 1.25 lakh per flat for painting furnishing and advertising. Finally, he sold all the flats for Rs. 60 lakh each. Additionally, he added the GST of Rs. 50,000 for each flat. What was the profit in percentage that Khemchand made (after GST) in the entire transaction? Correct Answer 100% profit

Cost price of plot and leveling of land = Rs. (30 + 1) lakh = 31 lakh

Cost of 4 flats = Rs. 85 lakh

Cost of painting, furnishing, and advertising = 4 × 1.25 = 5 lakh

Total expenses = 31 + 85 + 5 = Rs. 121 lakhs

Selling price of all the flats = Rs. 60 lakh × 4 = Rs. 240 lakh

Total GST = 4 × 50,000 = Rs. 2 lakh

Total SP = 240 + 2 = 242 lakhs

Profit percent =  × 100 = 100%

 

 

Related Questions

Six flats A, B, C, D, E and F are located in two rows of three flats each. The flats in both the rows face each other. Flat D is diagonally opposite to flat C. Flat E is opposite to flat F, which is north facing. Flat C is 2nd to the left of A and both of flats are south facing. Which of the following flats is facing flat B?
Ramniklal purchased a piece of agricultural land for Rs. 51 lakh. He spent Rs. 2 lakh on converting the land into non-agricultural use, Rs. 2 lakh for registration and stamp duty and Rs. 1 lakh towards administrative expenses. Then, he divided the plot into 8 equal plots and sold each plot at a value of Rs. 10.5 lakh. What was the percentage profit that Ramniklal made in the entire transaction?
The pie chart given below shows the amount spent by a boy on the purchase of six different items. The total amount spent on all these six items is Rs. 54000. The amount spent on a specific item is represented as a degree with reference to the total amount spent on all these six items. Which of the following statement(s) is/are correct? I. The amount spent on article A is Rs.900 less than the amount spent on article B. II. The amount spent on article C is Rs 2400 more than the amount spent on article D. III. The ratio of the amount spent on article B to the amount spent on article E is 4 : 1.
Use the following passage for the questions based on it. There are 6 flats on a floor in two rows. Out of these, three are north facing and the other three are south facing flats. The flats are to be allotted amongst Arun, Biswajyot, Chitra, Derek, Evan, and Fatima. Biswajyot gets a north facing flat and is not next to Derek. Derek and Fatima get diagonally opposite flats. Chitra is next to Fatima, and gets a south facing flat.Evan gets a north facing flat. Which of the following combination gets south facing flats?
An oil painting by late Chinese-French artist Zao Wou-Ki became the most expensive oil painting ever sold at auction by an Asian artist. The painting fetched $65 million in the auction at Sotheby’s Hong Kong. Which of the following do not support the statement? I: The oil painting by late Chinese-French artist became the most expensive oil painting ever sold at auction. II: The auction at Sotheby’s Hong Kong on the painting fetched $65 million which is the highest till date for any artist. III: Zao Wou-Ki was an Asian artist who ever sold the most expensive oil painting.
In the question below, a passage is given followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Passage: After a certain group of civil activists have filed a complaint against two mammoth flats in Kochi which were illegally built near to a river, breaching all kinds of environmental guidelines, the Supreme Court has ordered that the flats be demolished. Flat owners have since gone on a protest demanding that their homes should not be destroyed. Courses of action: I. The Government should not demolish the flats. II. The Government should demolish the flats and pay compensation equivalent to the market value of the flats to flat owners. III. Action should be taken against the builders and the government officials who gave the permit for construction.
A sold a table to B at a profit of 40%, B sold it to D at a profit of 60%. W sold a chair L to X at the loss of 20%, X sold it to P at a loss of 30% and finally P sold it to G at a loss of 50%. Price at which D bought the table from B and the Price at which P bought the chair from X is same. If the price at which W bought the chair is Rs. 600, then at what price D bought table?
Seven friends, Anil, Sunil, Rohit, Puja, Shalini, Pradhi and Gaurav bought seven cars during a week but each one bought their cars on a different day of the week. Each of them also bought a different brand of car. The brands are: Maruti, Honda, Toyota, Renault, Tata, Mahindra and Hyundai. Consider the week stated on a Monday and ended on the following Sunday. The following information are known: Rohit bought a Hyundai on Monday On Sunday, one of them bought a Renault. Shalini bought her car just the day after Anil and just the day before Gaurav Anil bought a Mahindra car Puja bought a Tata car on Friday Sunil did not buy either a Toyota or a Renault Gaurav bought a Maruti On which day did Shalini buy her car and what was the brand of her car?
Given below are three quantities named A, B and C. Based on the given information, determine the relation among the three quantities. X, Y and Z invested Rs. 2 lakhs, Rs. 2.5 lakhs and Rs. 3.5 lakhs in a business respectively. After 4 months, X again invested Rs. 1 lakh, while Z withdrew Rs. 50000. After 2 more months, Y invested Rs. 50000 more, while Z again withdrew Rs. 50000. After another 4 months, X and Y also withdrew Rs. 1 lakh and Rs. 1.5 lakhs respectively. Quantity A: What part of the profit will X receive at the end of the year? Quantity B: What part of the profit will Y receive at the end of the year? Quantity C: What part of the profit will Z receive at the end of the year?
The selling price of plot is directly proportional to the square of area of plot in m2. If the cost price of square shaped plot is Rs. 50000 and the profit percent of a dealer is 25% on selling square shaped plot then find the cost price of rectangular shaped plot if the dealer gains 50% on selling of rectangular plot where the length and breadth of rectangular plot is 30 m and 20 m while the side length of square plot is 20 m.