Question

Ramesh bought a second hand cooler for ₹4000,spent ₹1000 on its repairs, and it for ₹6000. find his loss or gain percentage ​

Answer 1

Answer:

Final expenditure = 4000 + 1000 = 5000

Selling Price = 6000

Since, SP > CP, there is a gain

Gain = SP - CP

        = 6000 - 5000

        = 1000

Gain % = (Gain / CP) x 100.

            = (1000/5000) x 100

            = 20%