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Sohan bought a second hand refrigerator ...

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.

Text Solution

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cost of refrigerator=2500+500=3000Rs.
profit=Selling price-total cost
=3300-3000
=300
Profit percentage=300/3000*100=10%.
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