Question

A person bought a TV for Rs. 8000 and spent Rs. 500 on its repair sold it for Rs. 9500.find his gain per cent

Answer 1

Answer: 11.76%

Step-by-step explanation

CP: 8000

Overhead expenses: 500

Total CP: 8000+500=8500

SP: 9500

So, the gain will be C.P-S.P=9500-8500=1000

Gain percent= Gain/CP*100

1000/8500*100=

1000/85(as the zeroes of 100 and 8500 cancel each other)

=11.76%