Question

Ravi purchased an old house for ₹765000 and spent ₹115000 on its repairs. Then he sold it at a Gain of 5%. Find the SP

Answer 1

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