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Profit % Loss %

Rohan bought ...

Question

Rohan bought a sofa set for 6250 and spent 375 on its repairs. Then, he sold it for 6890. Find his gain or loss per cent

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Solution

Cost incurred by Rohan = Rs 6250 + Ra 375 = Rs 6625
Selling price of sofa set = Rs 6890
Since selling price > cost incurred, Rohan made a profit
Gain % = $\frac{6890 - 6625}{6625} \times 100 = 4$

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