A mechanic buys an old tv for ₹2640 and spends ₹295 on repairs find the gains or loss if he sells the tv for ₹3228.50
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Total C.P. of a machine = Rs.2640+Rs.295=Rs.2935
Given, S.P. = Rs. 3228; [which is less than total cost price]
Therefore, gain = Rs. 3228 - Rs. 2935 = Rs. 293
Also, gain% =
total C.P.
gain
×100%
=
2935
293
×100≈10%
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