Question

a dealer purchase an old car for rs70000 and spend rs17500 on its repair. due to lack of demand he had to sell it at a loss of 12percentage. what was the spirit of the car

Answer 1

Purchase price + Repairs =

Rs.70,000 + Rs.17,500

Rs.87,500

Loss = 12%(87,500) = Rs.10,500

Sale price = Rs.87,500-Rs 10500

= Rs.77,000