Question

Robin purchased an old car for RS 73500.He spent RS 10300 on repairs and paid Rs2600 for its insurance.Then he sold it to a mechanic for Rs84240 . what was his percent gain or loss​

Answer 1

Cost of car : 73500 rs

Amount of money spent on repairs : 10300 rs

Amount of money spent on insurance : 2600

Total amount of money spent : 73500+10300+2600

                                                 : = 86400 rs

Amount of money taken by Robin for selling car : 84240

Profit / loss  : 86400-84240

                   : 2160 rs is the loss on selling the car

Answer 2

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⭕Actual price of old car= purchase price + overheads

$\implies73500 + 12900 =86400$

∴ the CP =₹86400

❃SP = ₹84240

⭕Since, SP is less than CP so it’s a loss.

❃Loss = CP – SP

$\implies86400 – 84240 = 2160$

⭕Loss% = (Loss × 100) / CP

$\frac{(2160 × 100) }{86400} = 2.5%$

∴ The Loss percent is 2.5%