Rajeev purchased and old Scooter for Rs. 18800 and Rs.1200 on its repair then he sold the scooter for 22000 find gain or loss percentage in transaction. pls answer this fast. I will mark as brainlist . it is a 3 mark question no direct answers. direct answers and spammers will be reported. will give 20 thanks
Answers
Answer:
profit
Step-by-step explanation:
Cost of the scooter = 18800
cost for the repair = 1200
total money used for the scooter = 18800 + 1200
=20000
cost of the scooter he sold = 22000
profit or loss = 22000 - 20000
= 2000
Rajeev got 2000 rupees profit
Answer:
whenever we get this type of question , we should have formula in mind that :
Gain % = (gain / cost)*100
now , cost price of scooter = 18800+1200 = 20000
selling price of scooter = 22000
hence , we can see that it is clearly his gain as SP > CP
so his profit is 22000-20000= 2000
therefore , by using formula
Gain% = (profit/ cost)*100
= (2000/20000)*100 [ puting the values ]
on solving we will get that his gain% is 10 % = ans