Question

A man bought a car for RS. 2500. he spend RS. 3000 on repairs & spend RS. 500 on other expenses. He sold the car for RS. 40000. Find the gain percent​

Answer 1

Answer:

cost of the car = Rs 2500

money spent on repairs and other expenses = Rs 3000+Rs 500 = Rs 3500

car sold = Rs 40000

the gain amount = Rs 40000-(3500+2500)

= 40000-6000 = Rs34000

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Answer 2

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Cost Price of car = Rs 2500

Overhead Expenses = (Rs3000+Rs500)

= Rs 3500

Actual C.P = Rs 3500 + Rs 2500= Rs 6000

Selling Price = Rs40,000

Gain = S.P - C.P

Gain = Rs 40,000 - Rs 6,000

Gain = Rs 34000

Gain % = $\dfrac{Gain}{CP}\times 100$

Gain % = $\dfrac{34000}{6000}\times 100$

Gain % = 56.6%