Question

Mohan lal purchased as sold scooter for 12000 and spent 2850 as. Then he sold it to his friend sohan for 13860 .how much percent he gain or loss

Answer 1

Solutions :-


Given :
Cost of old scooter = Rs 12000
Spent on its Repairing = Rs 2850
Total cost price = Rs (12000 + 2850) = Rs 14850

Selling price = Rs 13860


Cost Price is greater than the selling price. Therefore, Loss.

Loss = C.P - S.P
= Rs (14850 - 13860)
= Rs 990

Loss % = (loss × 100)/C.P %
= (990 × 100)/14850 %
= 99000/14850 %
= 6.66 % approx.


Hence,
His Loss percent = 6.66%

Answer 2

Solutions :-


We have,

Mohan lal purchased old scooter = Rs 12000
Spent = Rs 2850
Total cost price of scooter = Rs (12000 + 2850) = Rs 14850

Sold it to his friend Sohan = Rs 13860


Here,

Cost Price > Selling price


Find the Loss :-

Loss = C.P - S.P
= Rs (14850 - 13860)
= Rs 990


Find the Loss percent :-

Loss % = (loss × 100)/C.P %
= (990 × 100)/14850 %
= 99000/14850 %
= 6.66 % approx.


Answer : Loss percent = 6.66%