Question

Kiran bought a house for 2,75,000. He spent
25,000 on its repairs. Then he sold it for
3,50.000. Find his gain per cent.​

Answer 1

Answer:

Cost price = 2,75,000

Extra money invest = 25,000

Net Cost price = Actual C.P+Overhead Expenses

= 2,75,000+25,000

= 3,00,000

Cost price = 3,00,000

Selling price = 3,50,000

Selling price is greater than Cost price so it is gain.

Gain = S.P. - C.P.

Gain = S.P. - C.P. = 3,50,000 - 3,00,000

Gain = S.P. - C.P. = 3,50,000 - 3,00,000 = 50,000

Gain % = Gain/C.P. × 100

= 50,000/3,00,000×100

= 50/3 = 16⅔%

Hope it helps you mate.

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