Question

A man bought a car for 25000 . He spent 3000 on repairs and spent 500 on other expenses. He sold the car for 40000 . Find his gain percent.?

Answer 1

the cost price of the car is 25000 + 3000 + 500 equals to 28500
the selling price of the car is 40000
the profit is 40000 - 28500 which is equal to 11500
the profit percentage is 11500*100/28500= 40.35%

Answer 2

Car cost = 25000
Repair cost=3000
Other expenses =500
Total expenditure = 25000+3000+500
=28500
selling price = 40000

Gain % SP-CP x 100
=_____
CP
40000-28500 x100
___________
=
28500

=11500/285
=40.35%