Question

mr mani lal bought an old table for 850 and spent 1/10 of the cost price on its repairs. he sold the table for 1050. find his gain or loss per cent.

Answer 1

=> C.P. of the old table = 850 ruppes

=> Money spent on its repair = 1/10×850

= 85

Total C.P. = 935 rupees

=> S.P. of the old table = 1050 rupees

=> Profit of Mr. Mani Lal = 1050 - 935

= 115 rupees

=> Profit percent (%) = Profit/C.P. × 100

= approximately

= 12%