Question

A man buys an old house for ₹300000.He spends ₹65000 on its repairs and sells it for the ₹325000.Find his profit or loss per cent

Answer 1

total makes= 365000
sp= 325000
cp-sp= loss
loss= 365000- 325000= 40000
loss%= 40000/365000×100

Answer 2

CP OF HOUSE=300000
SPEND ON ITS REPAIR=65000
TOTAL CP=300000+65000
=365000
SP=325000
LOSS=CP-SP
=365000-325000
=40000

LOSS%=LOSS×100/CP
=40000×100/365000
=10.9%

THEREFORE LOSS%=10.9%

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