Question

Mangai bought a cell phone for ₹ 12,585. It fell down. She spent ₹ 500 on it repair. She sold it for ₹ 7,500. Find her profit or loss.

Answer 1

Cost of the cell phone = ₹ 12,585

Spent on repairs = ₹ 500

Cost price = Cost of cell phone + repair charge = 12,585 + 500 = ₹ 13,085

S.P. = 7,500

Here C.P > S.P

∴ It is loss

Loss = C.P – S.P 

= 13,085 – 7500 = ₹ 5,585

Loss = ₹ 5,585