Question

The money spent on the repairs of a house was 1% of its value. If the repair, costs Rs. 5,000, find the cost of the house.

Answer 1

Let cost of house = x

Then cost of repairs = 1 % of x

∴ 1% of x = 5000

`=> 1/100 xx "x" = 5000`

`=> "x" = 5000 xx 100/1`

x = 500000

Hence cost of house = Rs. 500000