Question

Ravi purchased an old house for rs 765000 and spent rs 115000 on its repair. Then he sold it at a gain of 5%.how much did he get

Answer 1

total cp=

115000
+76500
191500
sp=105/100*191500
=105*1915
201075

Answer 2

Heya,

CP= Rs.765000
Repair expenses= Rs.115000
Profit %= 5%

Therefore,
Total amount he spent= 765000+115000= Rs. 880000

To find the profit,

Profit %= profit/CP×100 [let profit=x]
5 = x/880000×100
5 (880000)=100x
4400000=100x
4400000/100=x
44000=x

Hence,
Ravi's profit was Rs.44,000

Hope my answer helps you :)

Regards,
Shobana