CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


Question

Shyam bought a table for ₹ 2000 and spent ₹ 1000 on repairs. He then sold it for ₹ 2500. What is the gain or loss%?
  1. 16.67%,loss
  2. 13%,profit
  3. 16.67%,profit
  4. 15%,loss


Solution

The correct option is A 16.67%,loss

Cost price of table = (2000 + 1000) =  3000 [Shyam had to spend 1000 on repairs]
Given, SP =  2500

C.P > S.P . Hence, there is a loss.

Loss = CP - SP =  (3000 - 2500) =  500 (because the cost price is greater than the selling price)

Loss percentage= LossCP×1005003000×100  = 16.67%

Hence the loss percent  =  16.67%

flag
 Suggest corrections
thumbs-up
 
0 Upvotes


Similar questions
View More


People also searched for
View More



footer-image