Question

Ahmed bought a second hand refrigerator for Rs. 7500 and spent Rs.1500 on its repairs and sold it for Rs. 9500. Find his total profit % or loss %.

Answer 1

➝ 5.55Gain%

Explanation :-

• As we know total spenditure in the second hand refrigerator is :-

(C.P + money on repairing)

= ₹(7,500 + 1,500) = ₹9,000

• As observation we can say that C.P < S.P

Therefore, it's gaining

Gain = S.P - C.P

= ₹9,500 - 9,000

= 500.

$\</strong><strong>s</strong><strong>f</strong><strong> \: gain\% \: = \frac{gain \times 100}{c.p} \\ \sf \: = \frac{50 \cancel0 \times \cancel{100}}{9 \cancel{000}} \\ \sf = \frac{50}{9} = 5.55\%$

Answer 2

Answer:

5.55Gain%

Explanation :-

As we know total spenditure in the second hand refrigerator is :-

(C.P + money on repairing)

= ₹(7,500 + 1,500) = ₹9,000

As observation we can say that C.P < S.P

Therefore, it's gaining

Gain = S.P - C.P

= ₹9,500 - 9,000

= 500.