Reva is car dealer. She buys second hand cars and sells them. She bought a second hand car at rupees 3,45,000 and spend rupees 25,000 on its repairs and beautification. She then sold the car for rupees 2,96,000. find her profit or loss percent. OR
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Cost price of car = Rs.150000
He spent rupees 12500 on its repair and painting
Repairing cost = Rs. 12500
Total CP = 150000 + 12500
Total CP = 162500
Then sold it for rupees 170000
SP = 170000
We can see,
SP > CP
Which is gain
Gain = SP - CP
Gain = 170000 - 162500
Gain = 7500
Find the gain percent
Thus gain percentage is 4.16 %
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