Question

Vimal bought a second hand almirah for ₹3000 then spent ₹700 on repairs and sold it for ₹ 4350 find his gain or loss

Answer 1

Answer: Vimal had a loss of ₹650

Step-by-step explanation:

Price Vimal bought the almirah for = ₹3000

Amount of money he spent on repairs = ₹700

Total money spent on the almirah = ₹3000 + ₹700

                                                         =₹3700

Price vimal sold the almirah for = ₹4350

4350>3700 so there is a loss

4350 - 3700 = ₹650

Loss = ₹650

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Answer 2

Answer:

Vimal bought a second hand almirah for:3000 rupees.

He spent money on repairs :700 rupees.

Total:3000+700=3700 rupees.

He sold it for : 4350 rupees.

Gain/Loss= Selling price - Cost price

Selling price is : 4350 rupees.

Cost price is +overhead charges=

3000+700=3700

So 4350-3700=650

So your answer is 650

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