A man purchased a house for 6,00,000 . He spent 60,000 on painting . Then he sold it 5,50,000 . Find his loss or gain .
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Answer:the total loss is ₹110k
Step-by-step explanation:
cost of buying the house = ₹600k
cost of painting = ₹60k
total money he spent on house= 600k+60k
=> ₹660k
total money he get for the house = ₹550k
profit / loss = total expenditure- total money he get back
=> ₹660k-550k
=> ₹110k
total loss is ₹110k = ₹110000
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