Question

Sohan bought a second hand refrigerator for rupees 2500 and spent 500 on its repairs and sold it for 3300 rupees find his loss or gain percent.
​

Answer 1

Answer:

The gain Percent is 10%

Step-by-step explanation:

Given:

• Cost price of the refrigerator = ₹2500
• Money spent on it repairs = ₹500
• Selling price of the refrigerator = ₹3300.

Need to find:

• The loss or gain percent.

Explanation:

Total cost price = ₹2500 + ₹500(overhead expenses are added to give CP)

=> ₹ 3000

As it given that,

Sale price = ₹3300

As we can see that,

SP>CP

Therefore,

There's profit on the whole transaction.

Profit = ₹3300-₹3000

=> ₹300

His profit on ₹3000 is ₹300.

Profit % = 300/300×100

=> 10%

Hence,the gain Percent is 10%.