Question

ravi purchased an old house for rs 765000 and spent rs 115000 on its repairs then he sold it at a gain of 5 percent how much did he get ​

Answer 1

Answer:

Step-by-step explanation:

We are given that Ravi purchased an old house for Rs 7,65,000 and spent Rs 1,15,000 on its repairs.

Then, he sold it at a gain of 5%.

The cost price of the old house = Rs 7,65,000

Amount of money spent on repairs = Rs 1,15,000

Now, the total price of the house = Rs 7,65,000 + Rs 1,15,000

= Rs 8,80,000

It is also stated that the house is sold at a gain of 5%.

This means that gain amount on the selling of house = 5% of Rs 8,80,000

 =  5/100x8,80,800

= Rs 44,000

So, the selling price of the house = Rs 8,80,000 + Rs 44,000

 = Rs 9,24,000.

I hope this helped you.