Rohan bought a second-hand refrigerator for ₹2500 and spent ₹1500 on repairs. He then sold it for ₹3200. Enter the gain or loss % ?
20

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Solution

The correct option is A 20
Cost price of refrigerator = ₹(2500 + 1500) = ₹4000
[Sohan had to spend ₹1500 on repairs]

Loss = CP - SP = ₹(4000 - 3200) = ₹800
(because the cost price is greater than the selling price)

$Loss percentage = \frac{L o s s}{C P} \times 100$
$= \frac{800}{4000} \times 100 = 20 %$

Hence, loss percent = 20%

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Rohan bought a second-hand refrigerator for ₹2500 and spent ₹1500 on repairs. He then sold it for ₹3200. Enter the gain or loss % ?20

The correct option is A 20Cost price of refrigerator = ₹(2500 + 1500) = ₹4000 [Sohan had to spend ₹1500 on repairs] Loss = CP - SP = ₹(4000 - 3200) = ₹800 (because the cost price is greater than the selling price) Loss percentage=LossCP×100 =8004000×100=20% Hence, loss percent = 20%

Rohan bought a second-hand refrigerator for ₹2500 and spent ₹1500 on repairs. He then sold it for ₹3200. Enter the gain or loss % ?
20