Question

Sohan bought a second hand refrigerator for rs2500,spent rs500 on its repairs and then sold it for rs3300. Find loss or gain percentage.

Answer 1

cp=rs2500

expenses=rs500

real cp= rs 3000

sp= rs 3300

so gets rs 300 as profit

p% = profit × 100÷cp

= 300×100÷3000

=10%

Answer 2

10%

Step-by-step explanation:

CP= Rs.2500+Rs.500= Rs. 3,000

SP= 3300

SP>CP, so there's a profit.

Profit= SP-CP

= 3300-3000

= 300

Profit%= Profit/CP×100%

= 300/3000×100= 30/3

= 10/1= 10%

hope it helps.....