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Sohan bought a washing machine for Rs 40,000, then spent Rs 5,000 on its repairs and sold it for Rs 50,000. Find his loss or gain per cent.
- a)Loss 10%
- b)Loss 20%
- c)Profit 11.11%
- d)none of these
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
Sohan bought a washing machine for Rs 40,000, then spent Rs 5,000 on i...
Cost price of washing machine = 40,000 + 5,000
= 45,000 Rs.
Selling price = Rs. 50,000
Gain = S.P. - C.P. = 50,000 - 45,000
5,000 Rs.
Therefore, Gain percent = (Gain * 100)/ C.P.
= (5,000 * 100)/ 45,000
= 11.11%
Most Upvoted Answer
Sohan bought a washing machine for Rs 40,000, then spent Rs 5,000 on i...
Given:
- Cost price of washing machine = Rs 40,000
- Repair cost = Rs 5,000
- Selling price = Rs 50,000
To find:
- Loss or gain percentage
Solution:
To find the gain or loss percentage, we need to compare the selling price with the cost price.
Step 1: Calculate the total cost:
The total cost is the sum of the cost price and the repair cost.
Total cost = Cost price + Repair cost = Rs 40,000 + Rs 5,000 = Rs 45,000
Step 2: Calculate the profit/loss:
Profit or loss is the difference between the selling price and the total cost.
Profit/loss = Selling price - Total cost = Rs 50,000 - Rs 45,000 = Rs 5,000
Step 3: Calculate the profit/loss percentage:
Profit/loss percentage is calculated using the formula:
Profit/loss percentage = (Profit/loss / Total cost) * 100
Substituting the values:
Profit/loss percentage = (5000 / 45000) * 100 = 11.11%
Conclusion:
Sohan gained a profit of 11.11% on selling the washing machine. Therefore, the correct answer is option C) Profit 11%.
- Cost price of washing machine = Rs 40,000
- Repair cost = Rs 5,000
- Selling price = Rs 50,000
To find:
- Loss or gain percentage
Solution:
To find the gain or loss percentage, we need to compare the selling price with the cost price.
Step 1: Calculate the total cost:
The total cost is the sum of the cost price and the repair cost.
Total cost = Cost price + Repair cost = Rs 40,000 + Rs 5,000 = Rs 45,000
Step 2: Calculate the profit/loss:
Profit or loss is the difference between the selling price and the total cost.
Profit/loss = Selling price - Total cost = Rs 50,000 - Rs 45,000 = Rs 5,000
Step 3: Calculate the profit/loss percentage:
Profit/loss percentage is calculated using the formula:
Profit/loss percentage = (Profit/loss / Total cost) * 100
Substituting the values:
Profit/loss percentage = (5000 / 45000) * 100 = 11.11%
Conclusion:
Sohan gained a profit of 11.11% on selling the washing machine. Therefore, the correct answer is option C) Profit 11%.
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Community Answer
Sohan bought a washing machine for Rs 40,000, then spent Rs 5,000 on i...
It can not be loss so it will be profit as 50000- 45000 is 5000
so its profit because we have to subtrat cp from sp and also there is only one option for profit so c is the right ans
so its profit because we have to subtrat cp from sp and also there is only one option for profit so c is the right ans
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Sohan bought a washing machine for Rs 40,000, then spent Rs 5,000 on its repairs and sold it for Rs 50,000. Find his loss or gain per cent.a)Loss 10%b)Loss 20%c)Profit 11.11%d)none of theseCorrect answer is option 'C'. Can you explain this answer?
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Sohan bought a washing machine for Rs 40,000, then spent Rs 5,000 on its repairs and sold it for Rs 50,000. Find his loss or gain per cent.a)Loss 10%b)Loss 20%c)Profit 11.11%d)none of theseCorrect answer is option 'C'. Can you explain this answer? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about Sohan bought a washing machine for Rs 40,000, then spent Rs 5,000 on its repairs and sold it for Rs 50,000. Find his loss or gain per cent.a)Loss 10%b)Loss 20%c)Profit 11.11%d)none of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Sohan bought a washing machine for Rs 40,000, then spent Rs 5,000 on its repairs and sold it for Rs 50,000. Find his loss or gain per cent.a)Loss 10%b)Loss 20%c)Profit 11.11%d)none of theseCorrect answer is option 'C'. Can you explain this answer?.
Sohan bought a washing machine for Rs 40,000, then spent Rs 5,000 on its repairs and sold it for Rs 50,000. Find his loss or gain per cent.a)Loss 10%b)Loss 20%c)Profit 11.11%d)none of theseCorrect answer is option 'C'. Can you explain this answer? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about Sohan bought a washing machine for Rs 40,000, then spent Rs 5,000 on its repairs and sold it for Rs 50,000. Find his loss or gain per cent.a)Loss 10%b)Loss 20%c)Profit 11.11%d)none of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Sohan bought a washing machine for Rs 40,000, then spent Rs 5,000 on its repairs and sold it for Rs 50,000. Find his loss or gain per cent.a)Loss 10%b)Loss 20%c)Profit 11.11%d)none of theseCorrect answer is option 'C'. Can you explain this answer?.
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Sohan bought a washing machine for Rs 40,000, then spent Rs 5,000 on its repairs and sold it for Rs 50,000. Find his loss or gain per cent.a)Loss 10%b)Loss 20%c)Profit 11.11%d)none of theseCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Sohan bought a washing machine for Rs 40,000, then spent Rs 5,000 on its repairs and sold it for Rs 50,000. Find his loss or gain per cent.a)Loss 10%b)Loss 20%c)Profit 11.11%d)none of theseCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Sohan bought a washing machine for Rs 40,000, then spent Rs 5,000 on its repairs and sold it for Rs 50,000. Find his loss or gain per cent.a)Loss 10%b)Loss 20%c)Profit 11.11%d)none of theseCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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