mr mehta purchased a second hand car for Rs 85000 and spent Rs 15000 on repairs after sometime he sold the car for Rs 90000.Find the profit and loss. Also calculate it as percentage.
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Cp of car = 85000 Rs.
cost of repairing of car = 15000 Rs.
Total money spent on car = 85000 + 15000 = 1,00,000
Sp of car = Rs. 90,000.
Cp > Sp
hence , loss is made of 10,000Rs.
L % = L / Cp × 100
L % = 10000 / 1,00,000 × 100
L % = 10 % ( after cancelling out )
cost of repairing of car = 15000 Rs.
Total money spent on car = 85000 + 15000 = 1,00,000
Sp of car = Rs. 90,000.
Cp > Sp
hence , loss is made of 10,000Rs.
L % = L / Cp × 100
L % = 10000 / 1,00,000 × 100
L % = 10 % ( after cancelling out )
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