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

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

The total cost price is 6.4.

Selling price(S.P.) = 8 lakh

Now,

Therefore, the gain percent is 25%.