sudha purchased house for 4,52,000 and spent 28,000 on repairs. she had to sell 4,92,000. find her gain or loss percent
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Answer:
Profit of 2.5%
Step-by-step explanation:
⇒Buying price= 4,52,000
⇒Overhead expenses= 28,000
⇒ Therefore, cost price= 4,80,000
⇒Selling price= 4,92,000
∴ It is a profit (P= SP greater than CP)
P%= P/CP*100
P%= (4,92,000-4,80,000)/4,80,000*100
P%= 12,000/4,80,000*100
⇒ 2.5% PROFIT
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