Amit bought a second hand cycle for rs. 500. he spent rs. 800 for repairing and rs.175 for repainting. He then sold it to John for rs. 900. how much did he gain or loss percent
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Total money he spent on bicycle=1475rupees.
Amit sold it in 900rupees
So he is in loss of 1475-900=575
hence it's loss % = (575/1475)*100=38.98% loss
Amit sold it in 900rupees
So he is in loss of 1475-900=575
hence it's loss % = (575/1475)*100=38.98% loss
Answered by
1
total cp=500+800+175=1475
sp = 900
loss = 1475-900 = 575
loss percent= 575/1475×100 = 38.98%
sp = 900
loss = 1475-900 = 575
loss percent= 575/1475×100 = 38.98%
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