Question

Ram purchased an old car£73500.he spent£10300 on repairs and paid£ 2600 for its insurance
the he sold it to a machanic for £84240.what was his percentage gain or loss.
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Answer 1

Step-by-step explanation:

His loss percentage is 2.5%.

Step-by-step explanation:

It is given that Robin purchased an old car for Rs 73500. He spent Rs 10300 on repair and paid Rs 2600 for its insurance.

Now total cost of car is

He sold it to a mechanic for Rs 84240. So, the selling price is 84240.

The profit and loss percentage is

The negative sign represents the loss.

Therefore his loss percentage is 2.5%.

Answer 2

loss = cp-sp

= 86400-84240

= ₹2160

loss% = loss×100/cp

= 2160×100/86400

= 3.61%