Question

ashok purchased a house of rs.500000 and spend rs.80000 on its repair .he has to sell its for 560000. find his loss percent and gain percent solution

Answer 1

Answer:

3.45% Loss

Step-by-step explanation:

Cost Price = 500000 + 80000 = 580000

Sell Price = 560000

Loss = 580000 - 560000 = 20000

Loss % = (20000/580000)*100 = 200/58 = 3.45 %