Question

5. Ashraf purchased an old bike for * 73500. He
spent 10300 on repairs and paid 2600 for its
insurances. Then he sold it to Shrafat for 84240.
What was his gain or loss per cent?​

Answer 1

Answer:

2160 loss

Step-by-step explanation:

Old bike cost=73500

money spent on repairs=10300

money paid for insurance=2600

sold=84240

the total money he spent on the bike=73500+10300+2600=86400

As the amount which he spent is more than the amount he got from selling the bike thus in this case ashraf is in loss

loss=86400-84240=2160

Answer 2

Cost price of an old bike = 73500

Money spend on it:-

for its repairing = 10300

for its insurance = 2600

Total expenditure = 10300 + 2600 + 73500 = 86400

Its selling price = 84240

S.P. < C.P.

Then it is loss

Loss = 86400 - 84240

= 2160