Question

Rohan bought a second hand computer for 18500 and spent 1500 on its repairs later he sold it to his friends for 23000 find his profit or loss percent on this deal.

Answer 1

Explanation

• Cost Price - 18500
• Repairs - 1500
• Total - 20000
• Selling Price - 23000

Profit :

Selling Price - Cost Price

$23000 - 20000 \\ = 3000$

Profit %

Profit × 100 / Cost Price

$\frac{3000 \times 100}{18500} \\ \\ \frac{3000}{185} = \frac{600}{37} \\ = 16 \frac{8}{37} \%$