ravi purchased an old house for rupees 765000 and spent rupees 115000 on its repairs . then he sold it at a gain of 5 percent .how much did he get.
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Purchase price =7,65,000
Repair Cost = 1,15,000
Profit to be earned 5%
Therefor sales value= 8,80,000 + 5% of 8,80,000
Total sales value = 9,24,000
Therefore gain = 44,000/-
Repair Cost = 1,15,000
Profit to be earned 5%
Therefor sales value= 8,80,000 + 5% of 8,80,000
Total sales value = 9,24,000
Therefore gain = 44,000/-
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