Question

A second hand scooter is purchased for rs7000 . A sum of rs 1000 is spend on repair and then sold it for rs8800 calculate the gain or loss

Answer 1

Total expenditure= 7000+1000 =8000 Cost price=8000 Profit= selling price -cost price =8800-8000=800 Profit%= 100*p/cp =100*800/8000=10 Profit%= 10%