Rahul bought an almirah for 26,250 and spent 2,375 on its repair. Then, he sold it for 26,890. Find his gain or loss percent.
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Solution:
CP of almirah= 26,250
Repairing cost= 2,375
Total CP of almirah= 26250+2375
= 28625
SP of almirah= 26,890
As the CP is greater than SP,
Loss%= (CP-SP) / CP * 100%
= (28625-26890) / 28625 * 100%
= 1735/28625 * 100%
= 6.06%
Therefore, the loss percent is 6.06%
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