Question

9. Mr Virmani purchased a house for Rs 365000 and spent Rs 135000 on its repairs. If he s for Rs 550000, find his gain percent.​

Answer 1

Answer:

50%

Step-by-step explanation:

C.P of the house=₹365000

Money spent on its repair=₹135000

S.P. of the house=₹550000

Total C.P. of the house= ₹365000+₹135000

Total C.P. of the house= ₹500000

Gain=S.P-C.P.

Gain=₹550000-₹500000

Gain=₹50000

Gain percent= Gain/C.P.×100

Gain percent= 50000/500000×100

Gain percent= 5000000/500000

Gain percent= 50%

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