Ron ought an almirah for $ 6250 and spent $ 375 on its repairs. Then he sold it $ 6890. Find his gain or loss per cent.

Answer

To solve the problem step by step, we will calculate the cost price (CP), selling price (SP), profit, and then the profit percentage.

### Step 1: Calculate the Cost Price (CP)
Ron bought the almirah for $6250 and spent $375 on repairs. The total cost price is calculated as follows:

\[ \text{CP} = \text{Cost of almirah} + \text{Repair cost} \]
\[ \text{CP} = 6250 + 375 = 6625 \]

### Step 2: Identify the Selling Price (SP)
The selling price of the almirah is given as $6890.

\[ \text{SP} = 6890 \]

### Step 3: Calculate the Profit
Profit is calculated by subtracting the cost price from the selling price:

\[ \text{Profit} = \text{SP} - \text{CP} \]
\[ \text{Profit} = 6890 - 6625 = 265 \]

### Step 4: Calculate the Profit Percentage
Profit percentage is calculated using the formula:

\[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{CP}} \right) \times 100 \]
\[ \text{Profit Percentage} = \left( \frac{265}{6625} \right) \times 100 \]
\[ \text{Profit Percentage} \approx 4\% \]

### Final Answer
Ron made a profit of approximately 4%.

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