Question

Vinay brought a flat for 450000. He spent 10000 on its paintings and repair. Then he sold it for 425500. Find his gain or loss and also its percent

Answer 1

cost price of flat= 450000 rs

Spent on repairs =10000 rs

Total cost price =450000+10000=460000 rs

Selling price of flat =425500 rs

cp>sp=loss

loss = cp -sp

= 460000-425500

=34500 rs

loss%=(loss/cp)*100

=(34500/460000)*100

= 7.5 %

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Answer 2

Given :

• Vinay brought a flat for 450000
• He spent 10000 on its paintings and repair.
• Then he sold it for 425500.

To find :

• Find his gain or loss
• its percent

Solution :

total cost price = purchasing price + repair charge

= 450000 + 10000

⠀⠀⠀⠀⠀⠀⠀⠀⠀ = 460000 Rs

Selling price is 425500 here we can observe selling price < cost price so their is loss

loss = cost price - selling price

= 460000 - 425500

= 34500 Rs

for cost price of rs 460000 loss is rs 34500 if it's cost price is Rs100 what will lost percentage be ?

loss percent = (34500/460000) x 100

= 7.5%

=> vinay hai loss of Rs 34500 and 7.5 it's percentage