Ram buy scooter for rs 40,000 and sells it at loss of 20%
How much money do he get for it?
Answers
Answer:
he sells it for 32000 with a loss of 8000 rupees
Step-by-step explanation:
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Answer:
Amount for which ram buys the scooter = Rs. 40,000
Amount of loss he sells the scooter at = 20%
How much money did he get for the scooter = 20/100 x 40,000
= 2/10 x 40,000
= 2/1 x 4000
= 2 x 4000
= 8000
Selling price = 40,000 - 8000
= 32,000 (answer)
Therefore, Ram received Rs. 32,000 amount for the scooter.