Ravi purchased an old house for Rs 765000 and spent Rs 115000 on its repairs. Then, he sold it at a gain of 5%. How much did he get?

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Solution

Cost price of the house = Rs. 765000
Cost of repairing the house = Rs. 115000
Total Cost price = (765000 + 115000) = Rs. 880000
Ravi sold it at a gain of 5%.

$SP = {\frac{(100 + gain %)}{100} \times CP} = {\frac{(100 + 5)}{100} \times 880000} = \frac{105}{100} \times 880000 = Rs . 924000$

He gets Rs. 924000.

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Ravi purchased an old house for Rs 765000 and spent Rs 115000 on its repairs. Then, he sold it at a gain of 5%. How much did he get?

Cost price of the house = Rs. 765000 Cost of repairing the house = Rs. 115000 Total Cost price = (765000 + 115000) = Rs. 880000 Ravi sold it at a gain of 5%. SP= {(100 + gain %)100× CP}= {(100 + 5)100× 880000} = 105100× 880000 = Rs. 924000 He gets Rs. 924000.