Question

Rohit bought an old scooter for Rs 11500 and spend Rs 1000 on its repairs. He sold it for Rs 15000. Find his loss or gain percent.​

Answer 1

cp of the scooter=11500
extra charge=1000
total cp of the scooter =11500+1000=12500
sp=15000
p/l=15000-12500=2500
therefore profit
profit=2500
profit%=2500/12500×100=20%(ans)

Answer 2

Given:

Rohit bought an old scooter for Rs11500 and spend Rs1000 on its repairs. He sold it for Rs15000.

To Find:

Find his loss or gain per cent.​

Solution:

We are given that Rohit bought an old scooter for Rs11500, so the cost price for the scooter will be,

CP=11500

Now it says that he spent Rs1000 on repairs then this cost will be added to the cost price of the scooter as he is the entity holding the ownership, so the final cost price before sales is,

CP=11500+1000

    =12500

Now the scooter is sold for Rs15000 so,

SP=Rs15000

To find the profit percentage we will use the formula as,

$profit\%=\frac{15000-12500}{12500}\\=20\%$

Hence, the profit percentage is 20%.