Question

Saurav buys a washing machine for 7215 rupees he sells the washing machine for 8450 rupees find his gain or loss.​

Answer 1

Answer:

he gained rupees 1235

Answer 2

Gain = Rs 1,235

Step-by-step explanation:

We are given that Saurav buys a washing machine for Rs 7,215 and he sells the washing machine for Rs 8,450.

Let the Cost Price of Washing machine = C.P. = Rs 7,215

and Selling Price of Washing machine = S.P. = Rs 8,450

As we know that to check there is a gain or loss on selling of any item is given by;

• When Selling Price of any item is more than the Cost Price of any item, then there is a Profit or Gain.

• On the other hand, when Selling Price of any item is less than the Cost Price of any item, then there is a Loss.

That is;

        Profit = S.P. - C.P.    and     Loss = C.P. - S.P.

In our question as we can clearly see that Selling price is more than the cost price of washing machine as Rs 8,450 > Rs 7,215, so there is a profit or gain on selling of washing machine.

Therefore, Profit = Rs(8,450 - 7,215) = Rs 1,235.