Ramlal purchase of plot for 1 lakh 35000 boundary wall around at which cost him 25550 sold the for one lakh ninety 190500 find the gain or loss
Answers
Correct Question:
Ramlal purchase of plot for 1,35,000 he made a boundary wall around it which cost him 25,550. He sold the plot for 1,90,500 find the Gain or Loss.
Answer:
The Gain made was of Rs.29950 (18.65 % approx).
Step-by-step explanation:
Given :
Purchased the plot at = Rs. 1,35,000
Boundary costs = Rs.25,550
Sold the plot at = Rs. 1,90,500
To find :
The Loss or Gain
Solution :
Here :
- Cost Price = 1,35,000
- Overhead charges = 25,550
- Selling Price = 1,90,500
We know that, Overhead charges are included in the Cost Price.
The total cost price =
⇒ 1,35,000 + 25,550
⇒ 1,60,550
1,90,500 > 1,60,550
Selling Price > Cost Price
It is a Gain !
⇒ 1,90,500 - 1,60,550
⇒ 29,950
Gain made = Rs. 29,950
The Gain made was of Rs.29950 (18.65 % approx).
Gain = 29,950 Rupees
Gain % = 18.654
Cost Price(C.P) = 1,35,000 Rupees
Boundary cost = 25,500 Rupees
Saled Price = 1,90,500 Rupees
______________________________
Gain or loss
______________________________
To find gain or loss we will add the total cost he paid if the total cost is grater than the selling price then it will gain and if it is less than it is loss.
Total cost = 1,35,000 + 25,500
Total cost = 1,60,500
So it is gain
__________________________
Now, to find gain we will subtract Selling price from total cost. So,
Gain = 1,90,500 - 1,60,500
Gain = 29,950 Rupees
________________________
We know that,
______________[Put Values]
» Gain % = (29950 * 100)/160550
» Gain % = 2995000/160550
» Gain % = 18.654 %