Mr Virmani purchased a house for Rs 365000 and spent Rs 135000 on its

1.	Mr Virmani purchased a house for Rs 365000 and spent Rs 135000 on its repairs. If he sold it for Rs 550000, find his gain percent.
Answer» Given Mr. Virmani spent to purchase the house = Rs. 365000 Amount he spent on repair = Rs. 135000 Total amount he spent on the house (CP) = Rs. (365000 + 135000) = Rs. 500000 Given SP of the house = Rs. 550000 Gain = SP – CP = Rs. (550000 – 500000) = Rs. 50000 Gain % = (Gain/CP) x 100 = (50000/500000) x 100 = 5000000/500000 Gain = 10%

Mr Virmani purchased a house for Rs 365000 and spent Rs 135000 on its repairs. If he sold it for Rs 550000, find his gain percent.

Answer»

Given Mr. Virmani spent to purchase the house = Rs. 365000

Amount he spent on repair = Rs. 135000

Total amount he spent on the house (CP) = Rs. (365000 + 135000)

= Rs. 500000

Given SP of the house = Rs. 550000

Gain = SP – CP

= Rs. (550000 – 500000)

= Rs. 50000

Gain % = (Gain/CP) x 100

= (50000/500000) x 100

= 5000000/500000

Gain = 10%