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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.
Solution
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
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