Daniel purchased a second hand car for Rs 89000. He spent Rs 21000 on its repair and sold it to Darain for Rs 1,10,000. Find his profit or loss in this transaction.
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Answer:
Total cost price of car = 73500+10300+2600=86400 Rs.
Selling price = 84240 Rs.
Loss= 86400−84240=2160 Rs.
Therefore,
Loss % =
C.P.
loss×100
=
86400
2160×100
= 2.5%
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