Srikanth bought and old card for 45000 rupees and Spain 625 rupees on it's repaired so he sold it for 49995 rupees find his gain or loss
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Explanation:
purchased for ₹45000
spent on repairing ₹625
selling price ₹49995
total cost price = purchased + spent on repairing
total cost price = 45000+625 = ₹45625
now, selling price > cost price = profit
49995>45625 = profit
profit = selling price - cost price
profit = 49995-45625
proft = 4370
so, srikanth gained profit of ₹4370
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