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
[tex]C.P.=6.1+0.3[/tex]
[tex]C.P.=6.4[/tex]
The total cost price is 6.4.
Selling price(S.P.) = 8 lakh
Now,
[tex]Gain\%=\dfrac{S.P.-C.P.}{C.P.}\times 100[/tex]
[tex]Gain\%=\dfrac{8.0-6.4}{6.4}\times 100[/tex]
[tex]Gain\%=\dfrac{1.6}{6.4}\times 100[/tex]
[tex]Gain\%=\dfrac{1}{4}\times 100[/tex]
[tex]Gain\%=25\%[/tex]
Therefore, the gain percent is 25%.
