Question

A refrigerator was purchased for rs 11270 .Later it was found to have some defect which was repaired for rs 230.Then it was sold for rs12000.Find the loss or profit.​

Answer 1

Answer:

The Gain made was of Rs. 500.

Step-by-step explanation:

Given :

Refrigerator was purchased at = Rs. 11270

Repairing charges = Rs. 230

Sold at = Rs. 12000

To find :

Loss or Profit

Solution :

Here -

• CP = 11270
• Overhead charges = 230
• SP = 12000

Total Cost Price =

⇒ 11270 + 230

⇒ 11500

Cost Price of the refrigerator = Rs. 11,500

Cost Price < Selling Price

$\therefore$ Its a Gain !

$\rule{300}{1.5}$

★ Gain = Selling Price - Cost Price

⇒ 12,000 - 11,500

⇒ 500

Gain = Rs. 500

$\therefore$ The Gain made was of Rs. 500.

Answer 2

Answer:

This is gain.

The Gain made was of Rs. 500.

Step-by-step explanation:

Given :

Charges of Repairing = Rs. 230

Price at which it was Sold = Rs. 12000

Refrigerator was purchased at = Rs. 11270

To Find :

Gain or Loss.

Solution :

• Step 1 :
• Find the Total Cost Price.

So,

⇒ 11270 + 230

⇒ 11500

∴ Cost Price of the refrigerator = Rs. 11,500 .

• Step 2 :
• Find wether it is a gain or loss.

So,

⇒ CP = Rs. 11,500 .

⇒ SP = Rs. 12000.

Cost Price < Selling Price .

∴ Its a Gain.

• Step 3 :
• Calculate the gain or loss.

We got gain.

We know that :

Gain = Selling Price - Cost Price.

So,

⇒ 12,000 - 11,500

⇒ 500

∴ Gain = Rs. 500.

Hence,

This is gain.

The Gain made was of Rs. 500.