Question

Girdhar lal purchased an old bike for Rs.12000 and spent Rs. 2850on its overhauling. Then, he sold it to his friend mukesh forRs.13860. How much per cent did he gain or loss?
$percent \: gain \: or \: loss$

Answer 1

Find total cost:

12000 + 2850 = Rs 14850

Find profit/loss:

Selling Price = Rs 13860 (Given)

Since 14850 > 13860 ⇒ It is a loss

Loss =  14850 - 13860 = Rs 990

Find the loss percentage:

Loss Percentage = 990/14850 x 100 = 6.67%

Answer: He lost 6.67%

Answer 2

cost price = Rs. 12000

xtra amount spent = Rs. 2850

therefore, total CP= Rs. 14850

Selling price = Rs. 13860

here, CP>SP

SO, it is a loss

loss = CP - SP

       = 14850 - 13860

      = Rs. 990

loss% = loss / CP * 100

         = 990 / 14850 * 100

       = 6.7%

THEREFORE, girdhar has a loss of Rs. 990 (6.7%)

P.S. Hope u get the answer........