Mr Chowdhary purchased a house for Rs 6.1 lakh and spent Rs 30,000 on its repairs. He then sold it for Rs 8 lakh. Find his gain per cent.
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Answer:
26.98%
Step-by-step explanation:
C.P. of the house= ₹6.1 Lakhs
overhead exponse= ₹30,000
total C.P= ₹6,30,000
A/Q
S.P of the house = ₹8,00,000
C.P of the house = ₹6,30,000
S.P>C.P
so it profit
Profit = S.P-C.P=
= 8,00,000-6,30,000
= ₹1,70,000
Profit%=Profit/C.P X 100
1,70,000/6,30,000 X 100
=26.98% ANSWER
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