Rajesh purchased a house for $45200 and spent $2800 on its repairs. He had to sell it for $46800. Find his loss.

Question

Rajesh purchased a house for $45200 and spent $2800 on its repairs. He had to sell it for $46800. Find his loss.

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Ruby 1 month 2021-08-13T13:23:46+00:00 2 Answers 0 views 0

Answers ( )

    0
    2021-08-13T13:24:52+00:00

    Answer:

    The loss is equal to $1200

    Step-by-step explanation:

    Given:

    • Cost price of house purchased by Rajesh = $45200
    • Money spent on its repairs = $2800
    • Selling price of the house purchased = $46800

    To find:

    • Loss of Rajesh on house

    Cost price = Cost of house + cost of repairs on house

    Cost price = $45200+$2800

    Cost price = $48,000

    Loss = Cost price – Selling price

    Loss = 48000-46800

    Loss = $1200

    The value of loss faced by Rajesh is equal to $1200

    0
    2021-08-13T13:24:54+00:00

    Answer:

    Total cost price = $45200+2800

    = $ 48000

    Selling price = $ 46800

    Loss = $ 1200

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