Question

Ashu purchased a machine for
Rs 36,000 and spent Rs 4,000 on
its repairs. If he sold it for Rs
42,000 the gain percentage is_____​

Answer 1

Answer:

5%

Step-by-step explanation:

CP of the machine: ₹36000

Cost of repairs: ₹4000

Now the CP is: ₹36000+₹4000

=₹40000

And SP is: ₹42000

Now, it is obvious that Ashu made a profit as SP is greater than CP.

So, profit= ₹42000-₹40000

= ₹2000

Hence, gain percentage= 2000/40000×100%

= 5%

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