Question

madhav bought an old car for rs 114600.he spent rs 2400 on its repairs and rs 3000 on its painting.he then sold it for rs 150000.find his total loss or gain percent​

Answer 1

Answer:

25 percent

Step-by-step explanation:

His expenditure on the car =114600+2400+3000

                                             =120000

he sold it for rs 150000

so  profit = sold price - cost price

               =150000 - 120000

profit percent =  $\frac{profit*100}{cost price}$

                       =  $\frac{30000*100}{120000}$

On cancellations we get 25

so profit percent =25 %

hope it will help you

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