Sneha bought a fridge for ₹10,000. She

CUET Preparation Today

Start Free Mocks

Home Questions 5KQWY94X85

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

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 .

Options:

20%

6.67%

55.48%

30%

Correct Answer:

6.67%

Explanation:

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%