Question

Ravi purchased an old house for 765000 and spent 11500 on its repairs. Then, bie sold tat a gal ol 5% How much did he get?​

Answer 1

➤ Given :-

Cost of old house :- ₹765000

Cost spent on repairs :- ₹11500

Profit percentage :- 5%

➤ To Find :-

Selling price of the house

➤ Formula required :-

${\large \tt \dashrightarrow \orange{\boxed{\tt \gray{\dfrac{(100 + Profit \bf\%)}{100} \times Cost \: price}}}}$

How to do :-

Here, we are given that Ravi purchased a house for ₹765000 and spent ₹11500 on it's repairs and sold it at profit of 5%. We should find the selling price. First, we should find the total cost price of the house by adding the cost price and the cost spent on its repairs, and then we can find the selling price by using the given formula.

➤ Solution :-

Total cost price :-

${\tt \longrightarrow 765000 + 11500}$

${\tt \longrightarrow Rs \: \: 776500}$

Now,

Selling price :-

${\tt \longrightarrow \dfrac{(100 + 5)}{100} \times 776500}$

${\tt \longrightarrow \dfrac{105}{\cancel{100}} \times \cancel{776500} = \dfrac{105}{1} \times 7765}$

${\tt \longrightarrow \dfrac{105 \times 7765}{1} = \dfrac{815325}{1}}$

${\tt \longrightarrow \cancel \dfrac{815325}{1} = \boxed{\tt Rs \: \: 815325}}$

$\Huge\therefore$ The selling price of the house is ₹815325.

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$\dashrightarrow$Some related formulas :-

Profit :- ${\boxed{\tt SP-CP}}$

Loss :- ${\boxed{\tt CP-SP}}$

Profit percentage :- ${\boxed{\tt\dfrac{Profit}{CP} \times 100}}$

Loss percentage :- ${\boxed{\tt\dfrac{Loss}{CP} \times 100}}$

Cost price :- ${\boxed{\tt\dfrac{100}{(100 + Profit \bf\%} \times SP}}$

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More to know :-

• Cost price is the amount at which an item is bought.
• Selling price is the amount at which an item is sold.
• Profit is obtained when the selling price is greater than the cost price.
• Loss is obtained when the cost price is greater than the selling price.

Answer 2

Step-by-step explanation:

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