Anil bought a second hand scooter for ₹7500 and spent ₹500 on its repairs. Then he
sold it to Deepak at a loss of 12%. What is Anil’s loss ?
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Answer:
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To Find :
The loss recured by Anil.
Given :
- Cost Price = ₹ 7500
- Cost on repairing = ₹ 500
- Loss Percentage = 12 %
We know :
⠀⠀⠀⠀⠀⠀Formula for Loss Percentage :
Where :-
- L% = Loss Percentage
- L = Loss Recured
- CP = Cost Price
Concept :
According to the Question , the cost price of thr car will be the sum of original cost Price and the cost on repairing it. i.e,
Hence, the cost Price of the scooter is ₹ 8000.
Hence, now putting the value in the equation , we can find the required value.
Solution :
Using the formula and substituting the values in it , we get :-
Hence, the loss recured by Anil is Rs. 960.
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