Rohan buys a old washing machine for Rs.5500 and spends Rs.1000 on its repairs.If he sells the scooter for Rs.7800,find his gain percentage.
Answers
Answer:
total money on washing machine = 6500rs
s.p for scooter = 7800rs
profit = 7800-6500
= 1300rs
profit % = 1300/6500 * 100
= 20%
Note; this profit % is on the price for washoing machine
profit % (on s.p for scooter) = 1300/7800 * 100
= 16.7%
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Gain percentage = 20%
Given:
Price of the washing machine = Rs 5500
Money spent on repairing the machine = Rs 1000
Price at which the machine was sold = Rs 7800
To find:
Gain percentage
Solution:
Rohan bought the washing machine for Rs 5500
He repairs the washing machine for Rs 1000
Therefore, the total cost price or C.P of the washing machine
= Rs 5500 + Rs 1000 = Rs 6500
C.P = Rs 6500
Rohan sells the washing machine for Rs 7800
The selling price or S.P = Rs 7800
The profit Rohan makes = S.P - C.P = Rs 7800 - Rs 6500 = Rs 1300
Profit = Gain = Rs 1300
Gain percentage = (Gain/C.P) x 100
= (Rs 1300/Rs 6500) x 100 = 20
Gain percentage = 20%
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