Question

Mr. Gupta purchase a house for rupees 2,50,000 and spends rupees 50,000 on repairs. If he sells it for rupees 4,00,000, find his gain per cent.

Answer 1

Step-by-step explanation:

CP of house = 2,50,000Rs

Repair = 50,000Rs

Total CP = 3,00,000Rs

SP of house = 4,00,000Rs

SP - CP = Gain

400000 - 300000 = 100000Rs

$gain\% = \frac{gain}{cp} \times 100$

= 100000×100 /300000

=100/3 %