Question

Madhu purchased a house for Rs. 2,80,000 and sold it for Rs. 3,20,000 then the gain%​

Answer 1

Loss incurred is Rs.40000.

Loss percentage is 12.5%.

Solution:  

Given Data:

According to the question,

Madhu and kavitha purchased a new house Rs.3,20,000

Madhu and kavitha Sold a new house =2,80,000

Step-by-step explanation:

Step 1:

Cost price of the house =320000

Selling price of the house=280000

Step 2:

Loss = cost price – Selling Price  

= 320000-280000

= Rs.40000

Step 3:

Loss percentage =loss/cost price

=\frac{40000}{320000} \times 100

=12.5%

Step 4:

Result:

Loss incurred is Rs.40000.

The loss percentage is 12.5%.

Answer 2

Cost Price =3,20,000

.

Selling Price =2,80,000

.

Loss=S.P–C.P=280000−320000=40000

.

Percent loss = C.P

Percent loss = C.PLoss ×100= 320000

400000

.

.

∴ Loss is 40000 and loss percentage is 12.5%

.

.

Mark Brilliant