Priyank buys an unfurnished flat for Rs. 6000000. He furnished it and eventually sells it for Rs. 12000000. The percent increase in the price of the flat is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 100 percent.
Priyank buys an unfurnished flat for Rs. 6000000
He furnished it and eventually sold it for Rs. 12000000
Increase in price of the flat = 12000000 - 6000000 = Rs.6000000
Percentage increase in the price = 6000000/6000000 × 100 = 100%