Question

Mr. and Mrs. sood purchased a new house for ₹3,20,000. Due to the rise of interest after 3 years they were unable to afford thier mortage repayment and had to sell the house for ₹2,85,000
(i)the loss incurred
(ii)the loss percentage of their total costs

Answer 1

Answer: value of the house-320000

SP=285000

32oooo-285000=35000

Loss=Rs 35000+Interest for 3 yrs

on Rs320000

Let xbe the interest on Rs 32oooo

for 3 yrs

Loss%= (35 ooo+x) 100/32oooo+x

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