Question

Kirti buys a second hand car for Rs. 324000. She spends Rs. 115000 on repairs and sells the car at Rs. 447780. Find her gain or loss %

Answer 1

The gain is of 2%

Explaination:

=> Cost price of the car = Rs. 324000

=> Repairs = Rs. 115000

=> So, total CP = 115000 + 324000

=> Rs. 439000

=> Selling price = Rs. 447780

=> 447780 < 439000

=> CP < SP

Therefore it is a gain.

$\large => Gain \: percent = \frac{SP - CP}{CP} \times 100$

$\large = > \frac{447780 - 439000}{439000} \times 100$

$\large = > \frac{8780}{4390}$

$\large = > 2$

=> 2 %

Therefore its a gain of 2 %

Answer 2

CP= RS. 324000
EXTRA COSTING = RS. 115000
TOTAL CP= 324000+115000
=439000
Therefore we can ultimately see that--
SP IS SMALLER THAN CP
SO IT'S A LOSS.
SP= RS. 447780
LOSS= CP-SP
= RS. ( 447780-439000)
=RS. 8780
LOSS%=8780/439000 × 100
= 2%
Ans. 2% is the total loss on the whole transaction.