Question

mr chowdhary purchased a house for rs 6.1 lakh and spent 30000 on its repairs. he then sold it rs 8 lakh. find his gain percent​

Answer 1

Given:

Purchasing price = 6.1 lakh

Amount spent of repair = 30000

Selling price = 8 lakh

To find:

The gain percentage.

Solution:

We have,

Purchasing price = 6.1 lakh

Amount spent of repair = 30000 = 0.3 lakh

So, total cost price is

`C.P.=6.1+0.3`

`C.P.=6.4`

The total cost price is 6.4.

Selling price(S.P.) = 8 lakh

Now,

`Gain\%=(S.P.-C.P.)/(C.P.)* 100`

`Gain\%=(8.0-6.4)/(6.4)* 100`

`Gain\%=(1.6)/(6.4)* 100`

`Gain\%=(1)/(4)* 100`

`Gain\%=25\%`

Therefore, the gain percent is 25%.