Q12. Ravi purchased an old house for Rs 765000 and spent Rs 115000
on its repairs. Then he sold it at a gain of 5%. How much did he get?
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Answer:
∴ the selling price of the house is Rs.924000
Step-by-step explanation:
From the question,
Ravi purchased and sold house for =Rs.765000= cost price
He spent on its repairs =Rs.115000
The cost price of old house =Rs.(765000+115000)
=Rs.880000
Then, he sold it at a gain of 5%
SP={((100+gain%)/100)×CP}
={((100+5)/100)×880000}
={(105/100)×880000}
=15×8800
=Rs.924000
∴ the selling price of the house is Rs.924000
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