Question

Surjeet purchase an old sofa for rupees 4800 and spent 350 on its repair and rupees 250 on transportation. Find his gain or loss percent if he sold it for rupees 5200.​

Answer 1

Answer:

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Answer 2

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Total Spent of sofa = CP

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CP = 4800 + 350 + 250 = 5400

SP = 5200

So, SP < CP = Loss

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Loss = CP - SP = 5400 - 5200 = 200

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Loss % = (200 / 5400 ) × 100 = ~3.7 %