Multiple choice

Ron ought an almirah for Rs. $6250$ and spent Rs. $375$ in its repairs. Then, he sold it for Rs. $6890$. Find his gain or loss percent

  1. $2\%$
  2. $4\%$
  3. $6\%$
  4. $8\%$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The total cost price is 6250 + 375 = Rs. 6625. The gain is 6890 - 6625 = Rs. 265, and 265/6625 × 100 = 4%.

AI explanation

The total cost price is the purchase price plus repairs, so 6250 plus 375 equals 6625. He sold it for 6890, so the gain is 6890 minus 6625 which equals 265. Using the formula for gain percent, Gain divided by Cost Price times 100, the gain percent is 265 divided by 6625 times 100, which equals 4. His gain is 4 percent.

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