Question

A man bought a second-hand scooter for ₹8000. He spent ₹700 on repairing and ₹350 on On re painting. He then sold it for ₹9500. How much did he gain or lose?​

Answer 1

Answer:

Step-by-step explanation:

gain =450

Step-by-step explanation:

Total cost or money spent on scooter = 8000+700+350=9050

He sold scooter at 9500

SP -CP= profit

Profit = 9500-9050=450

Hope it helped you

Answer 2

Answer :-

• The man had a gain.

• He gained a profit of Rs 450 by selling the second hand scooter.

Given :-

• A man bought a second hand scooter for Rs 8000

• He spent Rs 700 on repairing and Rs 350 on re painting.

• He then sold it for Rs 9500.

To find :-

• The amount of gain or loss he had.

Step-by-step explanation :-

• In this question, it has been given that a man bought a second hand scooter for Rs 8000. He spent Rs 700 on repairing and Rs 350 on re painting. He then sold it foe Rs 9500. We have to find out how much did he gain or lose. For this, we first have to find out the total amount of money he spent on the second hand scooter. Then we can find out whether he had a gain or loss.

Calculations :-

• Money spent on purchasing the scooter = Rs 8000.
• Money spent on it's repairs = Rs 700.
• Money spent on it's re painting = Rs 350.

So, total money spent on the scooter :-

$\tt Rs \: 8000 + Rs \: 700 + Rs \: 350 = Rs \: 9050.$

• So, the total cost price of the scooter was Rs 9050.

• Now, the man sold the scooter for Rs 9500, which means that the selling price of the scooter was Rs 9500.

• Since the cost price (Rs 9050) is less than the selling price (Rs 9500), therefore there was a profit.

Now, we know that :-

$\underline{\boxed{ \sf Profit = Selling \: Price - Cost \: Price.}}$

Here,

• Selling price = Rs 9500.
• Cost price = Rs 9050.

Hence,

$\bf Profit = Rs \: 9500 - Rs \: 9050$

$\underline{\boxed{\bf Profit = Rs \: 450.}}$