Question

ashraf purchased an old bike for ₹ 73500. He spent ₹10300 on repairs and paid ₹2600 for its insurances. Then he sold it to shrafat for ₹84240.What was his gain or loss per cent

Answer 1

buying price ₹73500
repairing ₹10300
insurance ₹2600
total price₹ 86400
selling price₹ 84240
x = original price= 86400
thus,
loss%=(84240-86400/86400)*100
= [-2160/86400]*100
=2.5%