Question

2 Madhav bought an old car for 71,75,000. He spent 510,000 on its repairs and 76,500 on
painting it Madhav then sold it for 32,52,000. Find his total loss or gain per cent.​

Answer 1

Answer:

loss % = 58.100

Step-by-step explanation:

cp of car = 7175000

repair amount on car = 51000

painting amount on car = 76500

actual cp of car = 7175000 + 510000 + 76500 = 7761500

sp of car = 3252000

cp > sp

so, loss

amount of loss = cp - sp = 7761500 - 3252000 = 4509500

loss % = 100 × loss/cp

loss % = 100 × 4509500 / 7761500 = 58.100

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