Robin purchased an old car for ₹73500.He spent ₹10300 on repairs and paid ₹2600 for its insurance. Then he sold it ro the mechanic for ₹84240.What was his percentage gain or loss?
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I don't understand so sorry
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Answer
2.5%
Explanation
Total CP.- 73500 + 10300 + 2600
= 86400
SP.- 84240
As CP is greater than SP, so there is loss
L% = SP- CP/CP ×100
= 2160/86400 × 100
= 2.5%
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