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 %?​

Answer 1

Step-by-step explanation:

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$\star \: \sf\underbrace{Question:-} \: \star$

:$\Longrightarrow$ ● 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 %?

$\text{\huge\underline{\red{To\ find:-}}}$

$\sf To\ find = \begin{cases} \sf{●\ In\ this\ question\ we\ to\ find\ the\ loss\ percentage.} \end{cases}$

$\text{\huge\underline{\green{Given:-}}}$

$\sf Given = \begin{cases} \sf{●\ Cost\ price\ of\ the\ car\ =\ Rs.\ 8,75,000.} \\ \\ \sf{●\ Cost\ of\ Accessories,\ Insurance\ and\ Tax\ =\ 40,000.} \\ \\ \sf{●\ Selling\ price\ =\ 5,00,000.} \end{cases}$

$\text{\Large\underline{\blue{Formula\ to\ be\ used:-}}}$

:$\Longrightarrow$ $\sf{Loss\ \%\ =\ \dfrac{(CP-SP)100}{CP}}$

$\text{\huge\underline{\purple{Solution:-}}}$

$\sf{●\ Total\ Cost\ price\ of\ the\ car\ =\ Rs.\ 8,75,000\ +\ Rs.\ 40,000}$

$\sf{=\ Rs.\ 9,15,000.}$

$\star \: \sf\underbrace{We\ have:-} \: \star$

:$\Longrightarrow$ $\sf{●\ CP\ =\ Rs.\ 9,15,000.}$

:$\Longrightarrow$ $\sf{●\ SP\ =\ Rs.\ 5,00,000.}$

$\star \: \sf\underline{By\ substituting\ the\ values:-} \: \star$

:$\Longrightarrow$ $\sf{\qquad Loss_{percent}\ =\ \dfrac{9,15,000-5,00,000}{5,00,000} \qquad}$

:$\Longrightarrow$ $\sf{\qquad Loss_{percent}\ =\ \dfrac{4,15,000}{50,000} \qquad}$

:$\Longrightarrow$ $\sf{\qquad Loss_{percent}\ =\ 0.83\ \%. \qquad}$

$\star \: \sf\underbrace{Hence:-} \: \star$

$\therefore$ $\sf{The\ Loss\ percent\ is\ 83\ \%.}$

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