Question

Ramesh bought a house for rupees 275000 he spent rupees 25000 on his repairs then he sold it for 350000 find his gain percent

Answer 1

Answer:18.18%

Step-by-step explanation:

Cost of house = Rs.275000

Cost of repairs=Rs.25000

Total cost price= Rs.275000+Rs.25000

=Rs.300000

Selling price of house=Rs.350000

Therefore,

Profit = selling price - cost price

=350000-300000

=Rs.50000

Profit %=Profit/Total Cost price*100

=50000/275000*100

=18.18%