Question

Reena bought an old car for rupees 90,400 and spend rupees 5,600 on its repairs. She sold it for rupees 93,000 Find her profit or loss per cent.

Answer 1

CP=90400+5600=96000

SP=93000

SINCE SP <CO LOSS

LOSS=96000-93000=3000

LOSS%=(LOSS/CP)×100

LOSS%=(3000/96000)×100=3.125%

Answer 2

C.P. of car = Rs. 90,400

Rupees spend on repair of it = Rs. 5,600

Total C.P. = Rs. 90,400+Rs.5,600

                =Rs. 96,000

S.P. of car = Rs. 93,000

C.P.>S.P.   So it is loss

Loss = C.P.-S.P.

       = Rs.96,000-Rs.93,000 = Rs.3,000

Loss% = (Loss*100/C.P.)%

           = Rs.3,000*100/Rs.96,000

           = 3.125%