1.

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?

A. 125% profit
B. 100% profit
C. 50% profit
D. 25% profit
Answer» C. 50% profit


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