(e) A property dealer purchased a house for 1,50,000. He spent 15,000 on
repairing the house. After six months, he sold the house for 2,15,000.
Find the gain or loss of the property dealer.
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Answer:
Gain = 50,000
Step-by-step explanation:
Cost Price = 1,50,000
Repairing cost = 15,000
Total Cost Spent on house =1,50,000+15,000 =1,65,000
Selling Price = 2,15,000
As S.P > C.P , its a gain
Gain = 2,15,000 - 1,65,000 =50,000
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