Question 58

Sneha bought a fridge for ₹10,000. She spent ₹5,000 on its repairs and then sold it for ₹16,000. Find the gain percent.

Solution

Sneha bought a fridge for ₹10,000. She spent ₹5,000 on its repairs.

The total price of fridge = ₹10,000+₹5,000 = ₹15,000

the fridge was sold for ₹16,000.

Gain percent = $$\frac{16000-15000}{15000}\times\ 100$$

= $$\frac{1000}{150}$$

= $$\frac{20}{3}$$

= 6.67% (approx.)

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