Rahul bought a second hand car for 74,000. He spent ? 11,000 on its repairs. He
then sold the car for 1,02000. Find his gain or loss percent.
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2
Answer:
20%
Step-by-step explanation:
C.P. ( Cost Price ) for second hand car = 74,000
Money spent for repairs = 11,000
Actual C.P. = 74,000 + 11,000
= 85,000
S.P. ( Selling Price) = 1,02,000
Since, S.P. > C.P. therefore it is Profit
Profit = S.P. - C.P.
= 1,02,000 - 85,000
= 17,000
Profit % = Profit/C.P. × 100
= 17,000/85,000 × 100
= 17,000/850
= 20
Therefore Profit% = 20%
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