Mr Ram purchased an old house for R.S 380000 he spent R.S 35000 on it reapairing and R.S 25000 on decorations After sometimes he sold it R.S 432000 find the profit/ loss percent
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Answers
Step-by-step explanation:
CP of house 380000
repairing equals to 35000 and decoration equals to 25000
total money spent on house is=to CP + repairing + decoration
total money is spent equals to 440000 thousand
loss equals to CP - SP
Los equals to 440000 - 432000
loss equals to 8000
Loss percent = 1.8181%
Step-by-step explanation:
Given:
Purchase price of old house = 380,000
Repair cost = 35,000
Decorations cost = 25,000
Selling price = 432,000
Computation of Total Cost:
Total Cost = Purchase cost + Repair cost + Decorations cost
Total Cost = 380,000 + 35,000 + 25,000
Total Cost = 440,000
Computation of loss percent:
Loss percent = [Total Cost - Selling price] / Total Cost
Loss percent = [440,000 - 432,000] / 440,000
Loss percent = [8000] / 440,000
Loss percent = 0.018181
Loss percent = 1.8181%
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