Question

A man buys an old house for R.s 300000. He spend R.s65000on it's repairs and sells it for R.s 325000.find his profit or loss percent. ​

Answer 1

Answer:

Please see the attachment

Answer 2

Loss percent = 10.959%

Step-by-step explanation:

Given:

Purchase price = 300,000

Repair cost = 65,000

Selling price = 325,000

Computation of Total Cost:

Total Cost = Purchase cost + Repair cost

Total Cost = 300,000 + 65,000

Total Cost = 365,000

Computation of loss percent:

Loss percent = [Total Cost - Selling price] / Total Cost

Loss percent = [365,000 - 325,000] / 365,000

Loss percent = 40,000 / 365,000

Loss percent = 0.10959

Loss percent = 10.959%

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