Question

Sonakshi purchased a house for ₹ 25 lakhs and spent ₹ 5 lakhs on its repairs. At what price should she sell it to make a profit of 20%?

Answer 1

Answer:

⇒ Purchased at = Rs.135000

⇒ Repairing cost = 135000

⇒So , total CP = 365000 + 135000 = Rs.500000 ,

⇒ SP = Rs.550000

⇒ Gain = SP-CP = 550000 - 500000 = Rs.50,000

⇒ gain% = 50000/ 500000 × 100

⇒ Gain% = 10%

Answer 2

Ravi purchased and sold house for =Rs.765000= cost price

He spent on its repairs =Rs.115000

The cost price of old house =Rs.(765000+115000)

=Rs.880000

Then, he sold it at a gain of 5%

$S.P= \: ((100+gain%)/100)×CP$

$={((100+5)/100)×880000}$

$={(105/100)×880000}$

= 15 × 8800

=Rs.924000

∴ the selling price of the house is Rs.924000