Robin purchased an old car for ₹ 73500. He spent ₹10300 on repairs and paid ₹2600 for its insurance. Then he sold it to maclfanic for ₹ 84240. What was his percentage gain or loss?
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Answer:
There is a loss of 2.5%
Step-by-step explanation:
C.P. of old car = Rs. 73500
Rupees spent on repairs = Rs. 10300
" paid for its insurance =Rs. 2600
Total C.P. = Rs. (73500+10300+2600)
= Rs. 86400
S.P. of the car = Rs. 84240
As C.P is greater thn S.P., hence, there is a loss.
Loss = Rs. (86400-84240) = Rs. 2160
Loss % = 100 × Loss/C.P.
= 100 × 2160/86400 = 2.5%
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