Question

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

(Hint:- The answer must be in a mixed fraction) ​

Answer 1

Main spent=(73500+10300+2600)Rs=86400Rs

Loss=(86400-84240)Rs=2160Rs

Percentage of Loss=

$( \frac{2160}{86400} \times 100)$

=0.25%