Nikhil purchases and old car Rs 73500 he spends 10300 on repairs and paid s2600 for its insurance then he sold it to a money for 84240 what was his gain or loss percent
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Total CP-₹735000+₹10300+₹2600=₹86400
Total SP-₹84240
As CP is greater than Sp
So he suffered a loss₹86400-₹84240
=loss=₹2160
Total SP-₹84240
As CP is greater than Sp
So he suffered a loss₹86400-₹84240
=loss=₹2160
Answered by
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Given
Cost price = ₹73500
Repair charges =₹10300
Insurance =₹2600
Total cp= 73500+10300+2600
=₹86400
Selling price =84240
Cp>sp=> loss
Loss=cp-sp
=86400-84240
=2160
Loss%= loss/cp x 100
=2160/86400 x 100
=2160/864
=2.5%
Loss%=2.5%
This is ur ans hope it will help you in case of any doubt comment below
Cost price = ₹73500
Repair charges =₹10300
Insurance =₹2600
Total cp= 73500+10300+2600
=₹86400
Selling price =84240
Cp>sp=> loss
Loss=cp-sp
=86400-84240
=2160
Loss%= loss/cp x 100
=2160/86400 x 100
=2160/864
=2.5%
Loss%=2.5%
This is ur ans hope it will help you in case of any doubt comment below
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