Ramu purchased an old scooter for Rs.13,400 and spent RS.2800 for repairs. Later her sold it for Rs.18,200, on the whole did the get gain or loss? what percentage? Give reasons?
Answers
Answer:
Step-by-step explanation:
Ramu purchased scooter for = Rs 13400
Money spent on repairs = Rs 2800
So cost price of scooter = 13400+2800
= 16200
According to question
His selling price = 18200
So, he has a gain
Therefore gain percentage
= ( Sp-Cp)/Cp*100
= (18200-16200)/16200*100
= (2000/16200)*100
= 1000/81 = 12.345%
Hope It Will Help You
Answer:
Step-by-step explanation:
Cost price of the scooter = Rs. 13400
Overhead charges = Rs. 2800
Total cost price = 13400 + 2800= Rs. 16200
Selling price of the scooter = Rs. 18200
Therefore there is a profit for the seller because her selling price is more than her cost price .
Profit = selling price - cost price
= 18200-16200 = Rs. 2000
Profit % = profit / cost price * 100
= 2000 / 16200 *100
= 12.34 %