Question

Ron ought an almirah for Rs. $6250$ and spent Rs. $375$ in its repairs. Then, he sold it for Rs. $6890$. Find his gain or loss percent

• A. $2\%$
• B. $4\%$
• C. $6\%$
• D. $8\%$

Answer 1

The correct option is B $4\%$

CP of the almirah $=$ Rs. $6250$
Overheads $=$ Rs. $375$
Total cost price $=$ Rs. $\left(\begin{array}{c}6250+375\end{array}\right)=$ Rs. $6625$
Selling price $=$ Rs. $6890$
Since $\left(\begin{array}{c}SP\end{array}\right)>\left(\begin{array}{c}CP\end{array}\right)$, Ron gains.
Gain $\%=$ Rs. $\left(\begin{array}{c}6890=6625\end{array}\right)=$ Rs. $265$
Gain $\frac{265}{6625}\times 100$$=4$ $\%$