Question

Ravi bought a new car for rs 8,75,000. Accessories, insurance and tax cost him rs 40,000. After 5 years, he sold the car for rs 5,00,000. What was his loss %?​
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Answer 1

Answer:

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Answer 2

Given :

Cost price of the car = Rs.8,75,000

Accessories insurance and tax = Rs.40,000

Selling price = Rs.5,00,000

To Find :

The loss%

Solution :

Total Cost price of the car = Rs.8,75,000 + Rs.40,000 = Rs.9,15,000

Loss% is given by ,

$loss\% = \frac{(cp - sp)100}{cp}$

Here,

✯SP is the selling price of the article

✯CP is the cost price of the article

We have,

★CP=Rs.9,15,000

★SP=Rs.5,00,000

Substituting the values,

$: \longrightarrow \: loss\% = \frac{915000 - 500000}{500000} \\ : \longrightarrow \: loss\% = \frac{415000}{50000} \\ : \longrightarrow \: loss\% = 0.83\%$

✪Hence,the loss is 0.83%.

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