Question

A trader buys a car for Rs.1,25,000. He spends

Rs.25,000 on the purchase of accessories. The rate

of depreciation of the car is 20% every year. After

two years, he sells it for Rs.1,02,000. What is his

profit or loss percentage?​

Answer 1

Answer:

125000-20000=105000

20%of 105000

20/100*105000

21000

105000-21000=84000

20%of84000

20/100*84000

16800

84000-16800=67200

car he sells =102000

profit=102000-67200=34800

profit percentage=34800/102000*100=34%