Question

Sohan bought a house for 85000. He spent 10000 on its repairs. Then he sold it for 90000, find the gain percent

Answer 1

buy=85000
repairs=10000
total spent=95000
sell=90000
profit percent=5000*100÷95000
= -5.26℅ approx

Answer 2

Answer:

Solution :-

CP of the house = ₹ 85000

Amount spent on repairs = ₹ 10000

[Amount spent on repairs is overhead charge ]

So, new CP of the house

= ₹ 85000 + ₹ 10000 = ₹ 95000

( overhead charges are included in CP)

SP = ₹ 90000

Since , SP < CP , therefore Sohan will have loss.

Loss = CP - SP

= ₹ 95000 - ₹ 90000 = ₹ 5000

gain % = ₹5000/₹95000 ×100 = 5/26

=> loss = 5.26 %

Therefore, Sohan's gain is 5.26 %