Mr Gupta bought a car for 40,000. He spent 8,000 for painting it. If he sold the car for 53,000, find the gain or loss.
Answers
Answered by
5
The answer : The gain is ₹5,000.
Answered by
16
Answer:
5000
Step-by-step explanation:
Cost price of the car = 40000
Overhead expenses = 8000
Therefore, total cost price = 40000+8000
= 48000
Given, selling price of the car = 53000
As, Selling price > Cost price
So, Gain = 53000-48000
= 5000
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