Question

Raghav bought an old car for rs. 190000 and spent rs. 3200 on its insurance and rs. 10500 on repairs. If he sold it for rs. 250000 find gain or loss percent.

Answer 1

CP of car = 190000

Money spent on insurance = 3200

Money spent on repairs = 10500

Then , Real CP = 190000+3200+10500
=> 203700

SP of car = 250000

As SP > CP ,

There's a gain .
GAIN = SP - CP
=> 250000- 207300
=> 42700
GAIN % = (GAIN / CP × 100 ) %
=> ( 42700/207300 × 100 ) %
=> (4270000/207300) %
=> 20.55%