Question

Arun buys an old machine for Rs. 2640 and spends Rs. 295 on its repairs. Find his gain or loss if he sells the machine for Rs. 3228. Also, express the gain or loss made as percent.

• A. 10%
• B. 20%
• C. 30%
• D. 40%

Answer 1

The correct option is A 10%

Total C.P. of a machine = $Rs.2640+Rs.295=Rs.2935$
Given, S.P. = Rs. 3228; [which is less than total cost price]
Therefore, gain = Rs. 3228 - Rs. 2935 = Rs. 293
Also, gain% = $\frac{gain}{totalC.P.}\times 100$%
= $\frac{293}{2935}\times 100\approx 10$%