7. Ahmed purchased an old scooter for ? 14,625 and spent 3225 on its repairs. Then he sold it for 16,422. Find his gain or loss per cent.
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Answer:
C.P. of scooter =(c.p + money spent on its repair)
Rs. 14,625 + Rs. 3,225
Rs. 17,850
S.P. = Rs. 16,422
- His S.P. is smaller than C.P
So, he surely got loss
loss = C.P. - S.P.
Loss = 17,850-16,422
Loss = 1,428
L% = (100×loss)\C.P.
L% = (100×1,428)\17,850
L% = 1,42,800\17,850
L% = 8%
hope it will be helpful
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