Question

Robin purchased an old car for * 73500. He spent * 10300 on repairs and paid * 2600 for its
insurance. Then he sold it to a mechanic for 84240. What was his percentage gain or loss?​

Answer 1

Answer:

2.546%

Step-by-step explanation:

Dude its very easy....

Money under Cost Price,

• Purchase = Rs. 73,500
• Repair      = Rs. 10,300
• Insurance = Rs. 2,600

So,

Total Cost Price = Rs. (73,500+10,300+2,600)

                           = Rs. 86,400

And,

Selling Price = Rs. 84,240

Hence,

As C.P.>S.P., loss has occured.

Loss = C.P. - S.P.

        = Rs. (86,400-84,200)

        = Rs. 2,200

Thus,

Loss percent = (loss/C.P.)x100

                      = (2200/86400) x 100

                      = 0.02546 x 100

                      = 2.546

Therefore, Loss Percentage = 2.546%

Hope it helps you buddy....

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