Question

Robin purchased an old car for ₹ 83500. He spent ₹ 9300 on repairs and paid ₹ 2600 for its insurance. Then he sold it to a mechanic for ₹ 97308. What was his percentage gain or loss ?

Answer 1

Robin purchased the car= ₹83,500

Total CP= 83,500+9,300+2,600= ₹ 95,400

SP= ₹ 97,308

Gain= 97,308- 95,400= ₹1,908

Gain %= 1908 × 100= 2%

95400

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