Question

If a man purchase a house in 55000 and give 5000 to repair it and after that he sold it in 500000 than what is profit or loss?​

Answer 1

Answer:

Cost of a house = 55,000

cost of repair = 5,000

total money spent = 55,000 + 5,000

                                = 60,000 (C.P.)

He sold his house in 5,00,000 (S.P.)

S.P. > C.P.

Hence, he got profit

500000 - 60000

440000

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Answer 2

Answer:

it should be profit

Step-by-step explanation:

he purchase house=55000

and give to repair for=5000

so total he spend money=55000+5000=60,000

then he sold it on price of=500000

so he got profit of=500000-60000=440,000 is the answer