Question

Harry purchased a scooter for 11000/- and car for 66000/-. If he sold the scooter for 6000/- and car for 78000/-,then the total gain% or loss% is

Answer 1

Profit%= \frac{New price-original price}{original price} *100

            \frac{18000-x}{x} *100=20

18000-x= \frac{20x}{100}

18000-x= \frac{x}{5}

18000= \frac{x}{5} +x

18000= \frac{6x}{5}

6x=90000

x=15000

∴ Answer is A. 15000

Answer 2

Answer:

CP of scooter = 11000/-

SP of scooter = 6000/-

SP<CP

Here is loss of RS 5000

Loss%=5000/11000×100%=45.65%

CP of car =66000/-

SP of car =78000/-

SP>CP

Here is profit of RS 12000

Profit % = 12000/66000×100% = 18.18 %