Mr.Virmani purchased a house for Rs. 365000 and spent Rs. 135000 on its repairs. If he sold it for Rs. 550000, find his gain percent.
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annie6
25.11.2015
Math
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Mr virmani purchased a house for ₹365000 and spent ₹135000 on its repairs. If he sold it for ₹550000,find his gain percent
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⇒ 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%
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