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,

$Gain\%=\dfrac{S.P.-C.P.}{C.P.}\times 100$

$Gain\%=\dfrac{8.0-6.4}{6.4}\times 100$

$Gain\%=\dfrac{1.6}{6.4}\times 100$

$Gain\%=\dfrac{1}{4}\times 100$

$Gain\%=25\%$

Therefore, the gain percent is 25%.