Question

Mr virmani purchased a house for ₹365000 and spent ₹135000 on its repairs. If he sold it for ₹550000,find his gain percent

Answer 1

⇒ Purchased at = Rs.135000

⇒ Repairing cost = 135000

⇒So , total CP = 365000 + 135000 = Rs.500000 ,

⇒ SP = Rs.550000

⇒ Gain = SP-CP = 550000 - 500000 = Rs.50,000

⇒ gain% = 50000/ 500000 × 100

⇒ Gain% = 10%

Answer 2

purchase cost = 3,65,000 /-

spent cost on repairs = 1,35,000 /-

total cost spent on house =  365000+135000 = 5,00,000 /-

selling cost = 5,50,000 /-

gain price  = selling price - cost price = 550000- 500000

gain price = 50000

to find out gain percentage = 50000/500000*100

gain percentage = 10%

hope so sum is clear to understand...........^_^ !!!