Sohan bought a second hand refrigerator for Rs 2 500 then spent Rs 500 on its repairs and sold it for Rs 3300.Find his profit.
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Answer:
Profit = 300
Step-by-step explanation:
First we will add all the expenses done on the fridge to find the cost price then we will find the profit by subtracting the cost price from the selling price.
Cost of the fridge = 2500
Repair charges = 500
Cost Price = 3000
Now, We know that,
Profit = SP - CP
= 3300 - 3000
= 300
Therefore, Profit = 300
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