Riya purchased a machine for rs 36000 and spend rs2400 on its repair. she then sold it for rs42000. find the gain or lost percent.A
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Answer is loss of 30% in this question
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Cost of machine = Rs36000
Cost of repairing = Rs2400
Total expenditure = Rs36000 + Rs2400 = Rs38400.
Selling Price = Rs42000
As,
SP > CP, it is profit.
Profit = SP-CP
Profit % =( SP-CP/CP )*100
Profit % =
Profit % =
Profit % = 9.375%
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