Question

aman buys an old refrigerator and spend 280 on its repairing if he sells it for 5400 thus making a profit of 8% at what price had he bought the refrigerator​

Answer 1

Cost prize of refrigerator =2500+500 = Rs.3000

Selling prize = Rs.3300

Gain =S.P.−C.P.=3300−3000=300

Therefore, Gain percent =

C.P.

gain×100

=

3000

300×100

= 10%