Question

Kapil purchased an article for rupees 114 400 and spend rupees 5600 on its repairs he then sold it for rupees 150000 find his gain or loss percent​

Answer 1

Answer:

0.25%

Step by step explanation :

It's a PROFIT. That's bcoz the selling price in which he had sold the item was greater than the cost price in which he had bought it. Now, when we know that he was profited, then let's find out the gain percent (%)......

Here the C.P. = Rs. (1,14,400 + 1,20,000)

= Rs. 120000.

S. P. = Rs. 150000.

Therefore,

Profit = S. P. - C.P. { Formula for finding profits}

i.e., Profit = Rs. ( 150000-120000)

= Rs. 30,000.

Now,

Gain % or Profit % = [Profit/C.P. × 100] %

= [30000 / 120000 × 100] %

= 0.25%.

So, his profit percent is of 0.25%.

Hope it helps!!!