mr. kanur bought an old car for ₹ 72000 and spent ₹ 8000 on it's repair. He later sold it at a loss of 5%.find the selling price of the car
This answer is 76000
How is answer is possible
Answers
Answered by
3
Answer:
Total cost price = Overhead charge + 72000
= 8000 + 72000
= 80000
Selling Price: 9500
Since Selling Price < Cost Price
There's not a gain but a Loss.
To find Loss we have the formula
L = CP - SP (CP stands for cost price, SP for selling price and L for loss)
L = 80000 - 9500
= 70500
Now to find Loss Percentage we have a formula:
L% = Loss / CP * 100
= 70500/80000*100
= 88.12%
Therefore, The loss is 88.12%.
Answered by
1
Answer:
CP = 80,000
Profit= 10%
Profit in rupees = 80,000 * 10/100
= 8000
SP = Cp + Profit
= 80000 + 8000
= 88000
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