Arun bought an old car of Rupees 1,50,000 and spent Rupees 25,000 on it . He sold it for Rupees 2,00,000 . What was his overall gain or loss percent ?
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Step-by-step explanation:
Cost of old car --> 1,50,000
Money spent on it --> 25,000
Price he sold it for --> 2,00,000
total expenditure=1,50,000+25,000
=1,75,000 rs.
gain= 2,00,000-1,75,000
25,000rs.
gain percent= 25,000/2,00,000
12.5%
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