Question

Mahan bought a second hand generator for ₹ 2500 . He spent ₹ 500 on its repairs and sold it for ₹3300. Find his gain or loss per cent

Answer 1

Answer:

Mahan had a gain of $10\%$ on reselling the generator.

Step-by-step explanation:

Mahan bought a second hand generator for Rs. $2500$ .

He spent additional amount Rs. $500$ on it.

So the total money he spent for the generator is Rs. $3000$ .

That is cost price CP $=3000$

and he sold it for Rs. $3300$, that is selling price SP $=3300$ .

Since the selling price is more than the cost price, he had a profit on the generator.

profit $=$ SP $-$ CP $= 3300-3000=300$ rupees .

Now we want to calculate the profit percent.

Profit percent is calculated on the cost price. Here CP $=3000$

so find how many percent of $3000$ is $300$ .

Let the percent be $x$ , then

 $3000*\frac{x}{100} =300\\\\x=300*100/3000=10$

Therefore Mahan had $10\%$ profit on selling the generator

Hence the answer

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