Question

Chandu bought a scooter of 20,000 and he spent 20% of cost towards repairs if he wishes to sell the scooter of at 30000 rupees what his gain is on overall investment

Answer 1

Answer:

6000Rs

Step-by-step explanation:

Chandu bought a scooter of 20,000

C.P = 20,000

he spent 20% of cost towards repairs

Repairs = 20% of 20,000 = 20/100 * 20,000 = 4,000

he wishes to sell the scooter of at 30000 rupees

S.P = 30,000rs

Gain = 30,000-(20,000+4,000)

          =  6000/-

           

           

Answer 2

Given - Cost price Rupees 20,000 and expenditure

Selling price Rupees 30,000

Find - Overall gain

Solution - Firstly calculating the overall amount Chandu spent on scooter. This includes cost price and repair price.

Calculating price spent on repairing of scooter.

Repairing = 20% of 20,000

Repairing = 20*20,000/100

Repairing = Rupees 4000

Now total amount spend = 20000 + 4000

Total amount spent = Rupees 24000

Profit = Selling price - Cost price

Profit = 30,000 - 24,000

Profit = Rupees 6,000

Thus, profit of Chandu on scooter is Rupees. 6000.