Question

Pratik brown a scooter for rupees 27000 he paid Rupees 1500 as interest on the the loan he got from a bank to purchase this scooter. He sold this scooter for Rupees 25000.

Answer 1

Answer:

LOSS: ₹3500

Step-by-step explanation:

COST = PURCHASE PRICE + INTEREST

= 27000 + 1500 = 28500

SELLING PRICE = ₹25000 (given)

PROFIT = SELLING PRICE - COST PRICE =

28500 - 25000 = 3500 (THAT MEANS LOSS)