Question

mr. Gupta purchased an old scooter for rs. 35,000 . he spent rs. 5,000 on repairs and paid rs 1500 on its insurance. he then sold it for rs. 40000. what was its profit or loss percentage?​

Answer 1

Answer:

Answer :

$3.61\%$

Step-by-step explanation:

cost price = 41500

selling price = 40000

MR GUPTA HAS LOSS OF 1500

formula for finding loss %is = loss divided by C.P [cost price] into 10O% =

$1500 \div 41500 \times 100$

$0.0361 \times 100$

$3.61\%$