Question

Mr bhandari bought an old table for Rs 850 and spent1/10 of the cost price on its repairs. He sold the table for Rs 1050. Find his gain or loss percent.

Answer 1

Step-by-step explanation:

cost price = 850 rs

sell price = 1050 rs

10/850 = 85

85 rs was spent on its repair

gain or loss = 850 + 85 (935)

gain = sell price - cost price

loss = cost price - sell price

gain = 1050 - 935 = 115 rs profit

percentage = 1985 × 100 (198500)

115/198500