Question

Raghav bought an old car for 1,90,000 and spent 3200 on its insurance and 10,500 on repairs. If he sold it for 2,50,000 find gain or loss per cent.

please answer it please​

Answer 1

Follow the given picture

Answer 2

Given :

Cost paid by Raghav : ₹190000

Cost spent on it's insurance : ₹3200

Cost spent on it's repairs : ₹10500

Selling price of the car : ₹250000

To find :

The gain or loss percentage of the car.

Solution :

First, we should find the total cost price of the car.

Total cost price of the car :

$\sf \dashrightarrow 190000 + 3200 + 10500$

$\dashrightarrow$₹$\sf 203700$

As we can see that the cost price of the car is less compared to it's selling price.

So, we can say that we are obtained with loss.

Loss amount :

$\sf \dashrightarrow 250000 - 203700$

$\dashrightarrow$₹$\sf 46300$

Now, we can find it's loss percentage.

Loss percent of the car :

$\sf \dashrightarrow \dfrac{Loss \: amount}{Cost \: price} \times 100$

$\sf \dashrightarrow \dfrac{46300}{203700} \times 100$

$\sf \dashrightarrow \dfrac{463}{2037} \times 100$

$\sf \dashrightarrow \dfrac{463 \times 100}{2037} = \dfrac{46300}{2037}$

$\sf \dashrightarrow \cancel \dfrac{46300}{2037} = 22.72$

Hence, the Loss percentage obtained while selling the car is 22.82%.