1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

# Sohan bought a second-hand refrigerator for Rs. 2500 and spent Rs. 1500 on its repairing. He then sold it for Rs. 3300. What is the gain or loss%?

A

10% gain

No worries! We‘ve got your back. Try BYJU‘S free classes today!
B

22.5 % loss

No worries! We‘ve got your back. Try BYJU‘S free classes today!
C

17.5% Loss

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D

10% loss

No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

## The correct option is C 17.5% Loss Given, the Cost Price(C.P.) of the refrigerator =Rs. 2500 Repairing Cost =Rs. 1500 Effective Cost price of refrigerator = given Cost Price + Repairing Cost =Rs. (2500+1500)=Rs. 4000 Selling Price =Rs. 3300 Since, Selling Price(S.P.) is less than the Cost Price(C.P.), a loss is incurred. ⇒ Loss =C.P.−S.P.=Rs. (4000−3300)=Rs. 700 Loss%=LossC.P.×100=7004000×100=17.5% Therefore, there is a loss of 17.5%.

Suggest Corrections
1
Join BYJU'S Learning Program
Related Videos
Cel & Mia at Wonderla
MATHEMATICS
Watch in App
Explore more
Join BYJU'S Learning Program