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Question
Aahuti purchased a house for ₹ 50,59,700 and spent ₹ 40300 on its repairs. To make a profit of 5%, she should sell the house for ₹ ______.
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Solution
Aahuti purchased a house for ₹ 50,59,700 and spent ₹ 40300 on its repairs. To make a profit of 5%, she should sell the house for ₹ 5355000.
Explanation:
Given, C.P. of house = ₹ 5059700
And amount spent on repairing = ₹ 40300
So, total C.P. of house = 5059700 + 40300 = ₹ 5100000
We know that, profit % = `"Profit"/"C.P." xx 100%`
⇒ `5 = (S.P. - C.P.)/(C.P.) xx 100` ...[∵ Profit = S.P. – C.P. and profit% = 5, given]
⇒ `5 = (S.P. - 5100000)/5100000 xx 100`
⇒ `(5 xx 5100000)/100 = S.P. - 5100000`
⇒ 255000 = S.P. – 5100000
⇒ S.P. = 5100000 + 255000
∴ S.P. = ₹ 5355000
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