Question

A second hand car was sold for 246500 at a loss of 500. Find the cost price and
loss% of the car?​

Answer 1

Given :-

A second hand car was sold for 246500 at a loss of 500.

To find :-

The cost price and loss% of the car.

Solution :-

• Selling price of second hand car = Rs.246500

• Loss on second hand car = Rs.500

As we know that

→ Loss = Cost price - selling price

→ L = C.P - S.P

→ 500 = C.P - 246500

→ C.P = 246500 + 500

→ Cost price = 247000

Hence,

• Cost price of second hand car is Rs.247000

Now,

→ Loss % = Loss/C.P × 100

→ L % = 500/247000 × 100

→ L % = 0.20 %

Therefore,

• Loss percent on car is 0.20%

Answer 2

Question

A second hand car was sold for 246500 at a loss of 500. Find the cost price and

loss% of the car?

Solution

SP = ₹246500

Loss = ₹500

CP = (SP+Loss)

= ₹(246500+500)

= ₹247000

$loss\% = ( \frac{loss}{cp} \times 100) \\ = ( \frac{500}{247000} \times 100)\% \\ = \frac{50}{247} \% = 0.20242915\%$