Question

4. Mr. Gupta purchased a house for Rs.250000 and spends Rs.50000 on repairs. If he sells it for Rs.400000, find his gain percent.

Answer 1

CP of the house =250000
Repairing charges=50000
Total CP=250000+50000
=300000

SP =400000
Gain= 400000-300000
=100000

Gain percent = 100000/250000*100
=1000%

Answer 2

SOLUTION :-

Mr Gupta purchased a house for Rs.250000

So,

Cost Price (C.P) of the house be Rs 250000

Mr Gupta spends Rs 50000 for repairing the house

So, total C.P will be

Rs 250000 + Rs 50000 = Rs 300000

Now,

Mr Gupta sells the house at Rs 400000

So,

Selling Prices (S.P) of the house = Rs 400000

Now,

C.P < S.P

Than its profit

So,

Profit = S.P - C.P

Profit = Rs 400000 - Rs 300000

Profit = Rs 100000

To be found :-

The profit percent

Profit% = $\frac{Profit}{C.P} \times 100$

Profit% = $\frac{100000}{300000} \times 100$

Profit% = 33.33%

Hence

Mr Gupta gained 33.33% profit