Question

Sammer bought a mobile for * 6,570 and spent * 250 on its repairs. Find his gain or loss percentage if he sold it for * 7,050.​

Answer 1

Answer:

His gain percentage = 6.5%

Step-by-step explanation:

Sammer bought a mobile for Rs. 6,570

He spent Rs. 250 on its repair.

Therefore, his Cost = Rs. (6,570 + 250) = Rs. 6,620

He sold the mobile for Rs. 7,050, which is greater than his Cost.

Therefore, he gained Rs. (7,050 - 6,620) = Rs. 430

And his gain percentage $\frac{Gain}{Cost}$ x 100% $= \frac{430}{6,620}$ x 100% = 6.5%