mohan bought a second hand fridge for rs 2500 and spent rs 50 on it's repair. he sold his fridge for rs 3300. find his loss or gain percentage
Answers
Answer:
29.41% is the answer..
cost price of fridge =2500
he spent on repair =50
total cost =2500+50=2550
Selling price of fridge=3300
here SP>CP
profit=SP-CP
profit=3300-2550
profit=750
profit%=(profit/CP)×100
profit%=(750/2550)×100
=29.41%
Step-by-step explanation:
mohan bought second hand fridge = 2500
mohan spent on its repair = 50
2500
- 50
2450
he sold his fridge at rs = 3300
3300
- 2450
850
so the mohan got 850rs profit