Question

raju bought old television set for rs 2500 he spent rs 500 for repairing it then he sold it for rs 3500 find his loss or profit in terms of percentage​

Answer 1

Answer:He had a profit of rs.500 =14.28%

Step-by-step explanation:

1. Cost of the old TV set =Rs.2500

Money spent on repairing =Rs.500

( overhead expenses ) = 2500 + 500

= 3000

2. He sold the tv set = 3500

So he'd a profit of rs.500

3.500/3500X 100 = 14.28 %