Question

I bought a house for Rs. 60000 and spent Rs. 4500 on itsa repairs. For how much should I sell the house to gain 5% ​

Answer 1

• Answer:

∴Loss = Rupees 1200 and Loss percentage =  2.5 %

• Step-by-step explanation:

Cost Price of the house = Rupees 45200

Money spent on repairs = Rupees 2800

So, total amount of money spent = Rupees 45200 + Rupee

                              = Rupees 48000

Selling price of the house = Rupees 46800

As CP greater than SP, there is a loss.

So loss = Rupees 48000 - Rupees 46800

           = Rupees 1200

Hence loss percentage = 1200 × 100 / 48000

                                       = 120 / 48

                                      = 2 24 / 48 % or 2.5 %

∴Loss = Rupees 1200 and Loss percentage =  2.5 %

Answer 2

$answer \\ \\ total \: money \: you \: spend \: = 60000 + 4500 \\ = 64500 \\ \\ 5\% \: gain \: on \: house \: = \frac{5}{100} \times 64500 \\ = 3225 \\ \\ rupees \: in \: which \: you \: should \: sell \:\\ to \: get \: 5\% \: benefit \: = \\ 64500 + 3225 = 67725 \: rupees$

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