Question

Raghu bought an almirah for Rupees 6250 and spent rupees 375 on its repairs then he sold it for Rs 6890 . find his gain or loss percent

Answer 1

he bought it for = rs. 6250
he spent on it's repair = 375
so, total c.p of almirah = 6250 + 375 = 6625
s.p of almirah = 6890
now,
the profit = sp - cp
==>6890- 6625
==>265
____________
profit % = profit / cp ×100
==> 265/6625 ×100
==>265/1325×20
==>4%

Answer 2

Given:   Cost at which he bought the almirah = ₹6250

Cost of repairs = ₹375

Cost at which he sold it = ₹6890

To Find: Profit or loss percent

Solution:

The cost price of the almirah = ₹6250

Cost of repairs = ₹375

Actual cost price = The cost price of the almirah + Cost of repairs

Actual cost price =  ₹6250 + ₹375

                            =  ₹6625

The selling price of the almirah = ₹6890

The Selling price is more than the cost price so there is a profit

Profit = Selling price - Cost price

Profit = ₹6890 - ₹6625

         = ₹265

Profit percent = (Profit / Cost price ) x 100

                       = $\frac{265}{6625}$ x 100

                       = 4%

Therefore, the profit percent is 4%.