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

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 c

Answer 2

total money he spent=rs. 73500+ 10300+2600=rs. 86400
but he sold for rs. 84240, so he did loss as C.P. is greater than S.P.
He loss = rs. 86400-84240 = rs. 2160
his loss percent = 2160/86400×100 percent = 2.5 percent