Question

Rohan bought a second-hand refrigerator for ₹2500 and spent ₹1500 on repairs. He then sold it for ₹3200. Report the gain or loss %
(3 marks)

Answer 1

Cost price of refrigerator = ₹(2500 + 1500) = ₹4000
[Rohan had to spend ₹1500 on repairs] (1 mark)

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

$\text{Loss percentage}=\frac{Loss}{CP}\times 100$
$=\frac{800}{4000}\times 100=20\%$

Hence, loss percent = 20%
(1 mark)