Home
Class 7
MATHS
A man bought a refrigerator for Rs. 3561...

A man bought a refrigerator for Rs. 35615 and paid Rs. 125 on its transportation. He sold it for Rs. 33953. Find his gain or loss per cent.

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow these calculations: ### Step 1: Calculate the Total Cost Price The cost price (CP) of the refrigerator is given as Rs. 35,615. Additionally, the transportation cost is Rs. 125. **Total Cost Price (CP) = Cost Price of Refrigerator + Transportation Cost** \[ CP = 35615 + 125 = 35740 \] ### Step 2: Identify the Selling Price The selling price (SP) of the refrigerator is given as Rs. 33,953. ### Step 3: Determine if there is a Gain or Loss To find out if there is a gain or loss, we compare the selling price with the total cost price. - If SP < CP, there is a loss. - If SP > CP, there is a gain. In this case: \[ SP = 33953 \quad \text{and} \quad CP = 35740 \] Since \( 33953 < 35740 \), there is a loss. ### Step 4: Calculate the Amount of Loss The amount of loss can be calculated using the formula: \[ \text{Loss} = \text{Cost Price} - \text{Selling Price} \] \[ \text{Loss} = 35740 - 33953 = 1787 \] ### Step 5: Calculate the Loss Percentage The loss percentage can be calculated using the formula: \[ \text{Loss Percentage} = \left( \frac{\text{Loss}}{\text{Cost Price}} \right) \times 100 \] Substituting the values: \[ \text{Loss Percentage} = \left( \frac{1787}{35740} \right) \times 100 \] Calculating this: \[ \text{Loss Percentage} = 0.05 \times 100 = 5\% \] ### Final Answer The man incurred a loss of 5%. ---
Promotional Banner

Topper's Solved these Questions

Similar Questions

Explore conceptually related problems

A man bought an almirah for Rs. 18000 and spent Rs. 250 on transportation. He sold it for Rs. 19710. Find his gain per cent.

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.

A shopkeeper bought a chair for Rs. 1440 and sold it for Rs. 1620. Find his gain or loss per cent.

A man purchased a for Rs. 1300 and sold it for Rs. 1380. Find his gain or loss.

Rajan bought a second hand scooter for Rs. 18000 and spent Rs. 1600 on its repair. Then, he had to sell it for Rs. 17640. Find his loss per cent.

Mr Virmani purchased a house for Rs 365000 and spent Rs 135000 on its repairs. If he sold it for Rs 550000, find his gain percent.

A man bought a second hand T.V. set for Rs. 7650 and spends Rs. 350 on its repairs. He sold it for Rs. 8200. What percent did he gain?

A boy buys an old bicycle for Rs 162 and spends Rs 18 on its repair before selling the bixycle for Rs 207. Find his gain or loss as percent.

A grocer buys eggs at 10 for Rs 8 and sells at 8 for Rs 10. Find his gain or loss percent.

Ayush bought a bicycle for Rs. 6250 and had to sell it for Rs. 5875. Find his loss and loss per cent.

ICSE-PROFIT AND LOSS -EXERCISE 10
  1. Amit bought a calculator for Rs. 960 and sold it for Rs. 1104. Find hi...

    Text Solution

    |

  2. Ankita bought a mobile phone for Rs. 2350 and sold it for Rs. 2538. Fi...

    Text Solution

    |

  3. Ayush bought a bicycle for Rs. 6250 and had to sell it for Rs. 5875. F...

    Text Solution

    |

  4. Aman bought a computer for Rs. 24000 and its accessories pack worth fo...

    Text Solution

    |

  5. A man bought a refrigerator for Rs. 35615 and paid Rs. 125 on its tra...

    Text Solution

    |

  6. By selling a bicycle for Rs. 5670 a trader gains Rs. 270. Find his gai...

    Text Solution

    |

  7. By selling a chair for Rs. 1410 a carpenter suffers a loss of Rs. 90. ...

    Text Solution

    |

  8. A fruit-seller bought bananas at the rate of 3 for Rs. 8 and sold them...

    Text Solution

    |

  9. Lemons are bought at the rate of 3 for Rs. 4. At what rate must they b...

    Text Solution

    |

  10. The selling price of 12 pens is equal to the cost price of 14 pens. Fi...

    Text Solution

    |

  11. The cost price of 12 oranges is equal to the selling price of 15 orang...

    Text Solution

    |

  12. Vinay sold a plot of land for Rs. 143000, gaining 4%. For how much did...

    Text Solution

    |

  13. John sold his T.V. set for Rs. 14100, losing 6%. For how much did he p...

    Text Solution

    |

  14. On selling a bed for Rs. 10800, a carpenter loses 10%. For what amount...

    Text Solution

    |

  15. On selling an almirah for Rs. 20350, a man gains 10%. What per cent do...

    Text Solution

    |

  16. On selling a fan for Rs. 4700, a shopkeeper loses 6%. At what price mu...

    Text Solution

    |

  17. Kamal sold two scooters for Rs. 19800 each, gaining 10% on the one and...

    Text Solution

    |

  18. A buys an article for Rs. 650 and sells it to B at a profit of 20%. B ...

    Text Solution

    |