Question

40. A car dealer bought a car for 5,60,000 and spent 265000 on its painting and then
sold it for 7,50,000. Find his profit or loss percent.
SECTION
(4X4 = 16 )​

Answer 1

Answer:

cost price of the car is equal to the price of money used to buy the car and spent on its painting.

so, 5,60,000+2,65,000= 8,25,000

selling price of the car is 7,50,000.

so he got a loss of 75,000.

loss percentage = amount of loss/cost price×100

(75000/825000)×100

=9.09%