Maddy purchased an old scooter for $ 12000 and spent $ 2850 on its overhauling. Then, he sold it to his friend Sam for $ 13860. How much per cent did he gain or lose?
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Answered by
15
Answer:
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your answer is here !
Step-by-step explanation:
Cost price of the scooter = $ 12000, overheads = $ 2850.
Total cost price = $ (12000 + 2850) = $ 14850.
Selling price = $ 13860.
Since (SP) < (CP), Maddy makes a loss.
Loss = $ (14850 - 13860) = $ 990.
Loss = [(loss / total CP) × 100] %
= [(990 / 14850) × 100] %
= 6
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Answered by
8
Step-by-step explanation:
Cost price = 12000
Spent money = 2850
Then Cost price = 12000+2850
Cp = 14850
Sp = 13860
Loss = Cp - Sp
Loss = 14850 - 13860
Loss = 990 Rs
Loss% = loss/cp × 100
= (990/14850)×100
= 6.66%
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