Ravi purchases an old house for Rs 765000 and spent Rs115000 on it's repair then he sold it at a gain 5% . how much did he get
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Ravi purchased an old house for Rs. 7,65,000 and spent Rs. 1,15,000 on its repair. He then sold the house at a gain of 5%
Selling price of the house.
Cost Price (C.P.) of the house = 7,65,000 Rs.
Money spent on repairs = 1,15,000 Rs.
Hence,
Total C.P.
= 765000 + 115000
= 8,80,000 Rs.
And,
Gain % = 5 %
Therefore,
Selling price (S.P.)
= 100 + gain%/100 × C.P.
= (100+5)/100 × 8,80,000
= 105/100 × 880000
= 105 × 8800
= 924000
Finally -
Hence, Ravi got
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