Sneha bought a fridge for ₹10,000. She spent ₹5,000 on its repairs, and then sold it for ₹16,000. Find the gain percentage .
Answer & explanation
Correct answer: option 2
Cost price of the fridge = 10,000
Spent = 5000
Total cost price of the fridge = 10,000 + 5000 = 15000
The selling price = 16000
Profit% = ( 16000 - 15000 ) × \(\frac{100}{15000}\) = 6.67%