![Example 5 - Chapter 8 Class 8 Comparing Quantities - Part 2](https://d1avenlh0i1xmr.cloudfront.net/5a80abb6-f0b6-4bc6-b4f6-b7944dd21fc2/slide18.jpg)
Finding cost price, selling price, profit % , loss%
Finding cost price, selling price, profit % , loss%
Last updated at April 16, 2024 by Teachoo
Question 2 Sohan bought a second hand refrigerator for Rs 2,500, then spent Rs 500 on its repairs and sold it for Rs 3,300. Find his loss or gain per cent. Given, Cost Price = Rs 2500 Money spent on repairs = Rs 500 And, Selling Price (SP) = Rs 3300 Now, Total Cost Price (CP) = Cost Price + Overhead expenses = 2500 + 500 = 3000 Since, SP > CP Sohan made a gain Gain = SP β CP = 3300 β 3000 = 300 Also, Gain Percentage = πΊπππ/πΆπ Γ 100 = 300/3000 Γ 100 = 30/3 = 10% Thus, Gain Percentage is 10%