Question

a man bought an old car for 125000.he spent 12000 on repairs and 3000 on other things.he then sold the car for 161000.find the gain percent.

Answer 1

Total Cost Price = 125000+12000+3000

=140000

Sold Price = 161000

Gain= 161000 -- 140000 = 21000

Gain% = {(21000/140000) × 100}

= 15%

Answer 2

cost price + repair + others =125000 + 12000 + 3000 = 140000

selling price - cost price = profit

= 161000 - 140000 = 21000

gain % = profit/cost price ×100

= 21000/140000×100 = 15%

profit % = 15 %