Question

2. Ravi purchased an old house for Rs. 76.5000 and

spent Rs. 115000 on its. Then he sold it at a
gain of 5%. How many
much did he get.​

Answer 1

Rs. 924000.

Explanation:

Cost of house = 765000

Additional money spent on it = 115000

Total cost incurred by Ravi = 765000 + 115000 = 880000

Gain = 5% of total cost

gain in Rs = 5/100 * 880000 = Rs. 44000

Total selling price of house = total cost incurred + profit = 880000+ 44000

Total selling price of house = Rs. 924000

Thus, Ravi got Rs. 924000.