CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Ahail bought a second-hand mobile phone for Rs. 5000 and then spent Rs. 1000 on its repairs and then sold it for Rs. 6500. What is the gain or loss %?


A

10% gain

No worries! We‘ve got your back. Try BYJU‘S free classes today!
B

17.5% loss

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C

20% Loss

No worries! We‘ve got your back. Try BYJU‘S free classes today!
D

10% loss

No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B

17.5% loss


The total cost of the mobile phone to Ahail (CP) = Rs. 5000 + Rs. 1000 = Rs. 6000.
He sold it for Rs 6500 (SP). Hence, he sold more than his cost, which means he made a profit.
Profit %=NetProfitCostprice×100
Net profit = S.P - C.P = 6500 - 6000 = Rs. 500
(Rs. 6500 Rs. 6000)Rs. 6000 × 100 Rs. 500Rs. 6000 × 100 = 8.33% profit


flag
Suggest Corrections
thumbs-up
2
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Prices Related to Buying and Selling
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon