Sohan bought a second-hand refrigerator for Rs. $2, 500$ , then spent Rs. $500$ on its repair and sold it for Rs. $3, 300$ . Find his loss or gain %.

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Solution

Cost prize of refrigerator $= 2500 + 500$ = $R s . 3000$

Selling prize = $R s . 3300$

Gain $= S . P . - C . P . = 3300 - 3000 = 300$

Therefore, Gain percent = $\frac{g a i n \times 100}{C . P .}$ = $\frac{300 \times 100}{3000}$ = $10$ %

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Sohan bought a second-hand refrigerator for Rs. 2,500, then spent Rs. 500 on its repair and sold it for Rs. 3,300. Find his loss or gain %.

Cost prize of refrigerator =2500+500 = Rs.3000Selling prize = Rs.3300Gain =S.P.−C.P.=3300−3000=300Therefore, Gain percent = gain×100C.P. = 300×1003000 = 10%

Sohan bought a second-hand refrigerator for Rs. $2, 500$ , then spent Rs. $500$ on its repair and sold it for Rs. $3, 300$ . Find his loss or gain %.

Cost prize of refrigerator $= 2500 + 500$ = $R s . 3000$

Selling prize = $R s . 3300$

Gain $= S . P . - C . P . = 3300 - 3000 = 300$

Therefore, Gain percent = $\frac{g a i n \times 100}{C . P .}$ = $\frac{300 \times 100}{3000}$ = $10$ %