Ravi bought a car for Rs.86000 and sold for Rs. 92000 through a broker who charges commission 2% on purchases and 3% on sale. Find total gain on the transaction.
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Step-by-step explanation:
Ravi bought a car for rs 86000 broker =2%
86000×2/100
= 1720rs
86000+1720
= 87720rs
sold for 92000
broker =3%
92000×3/100
=2760rs
92000+2760
=94760 rs
total value =94760-87720
which gives =7040rs profit he gained is only 7020rs
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