Question

jhon bought a car for ₹3,45,000 and spent ₹25,000 on its repair he sold the car for ₹2,96,000. find his gain or loss per cent​

Answer 1

Answer:

Percentage of loss in selling the car is 20 %.

Step-by-step explanation:

Given:

Cost of purchase, $C_{p}= Rs.\textrm{ }3,45,000$

Cost of repair, $C_{r}=Rs.\tectrm{ }25000$

∴ Total cost of the car, $CP=C_{p}+C_{r}=345000+25000=Rs. \textrm{ }370000$

Total selling price of the car, $SP=Rs.\textrm{ }296000$

As selling price of the car is less than that of total cost price, therefore, Jhon has a loss.

$\textrm{Loss}=CP-SP=370000-296000=Rs.\textrm{ }74000$

Percentage loss is given as,

$\textrm{Percent Loss}=\frac{\textrm{Loss}}{\textrm{CP}}\times 100\\\\\textrm{Percent Loss}=\frac{74000}{370000}\times 100=20 \%$

Therefore, Jhon's loss percentage is 20 %.