Question

Robin purchased an old car for Rupees 73500 and spend rupees 10300 on repairs and paid rupees 2600 for insurance then he sold it to a mechanic for Rs 84,240 what was his gain or loss percent

Answer 1

Cost Price of the old car=₹73500+₹10300+₹2600=
₹86,400. Selling Price of the old car=₹84,240. Loss
= 86400-84240/86400 = ₹2160. Loss% =2160/86400(100) =2.5%.

Answer 2

$\circ\circ\circ\circ\underline{\fbox{\fbox{\fbox{\fbox{\fbox{\Large{\underline{\textbf{SOLUTION}}}}}}}}}\circ\circ\circ\circ$

$Cost\:of\:old\:car\:purchased\:by\:Robim=Rs.\:73500\\\\Money\:he\:spend\:for\:repairs=10300\\\\and\:Money\:he\:spend\:for\:insurance=2600\\\\Total\:cost\:price\:=73500+10300+2600\\\\=Rs.\:86400\:(Total\:CP)\\\\Selling\:Price=Rs.\:84240\\\\Here\:CP>SP\\\\When\:CP\:is\:greater\:than\:SP\:\\\\Then\:there\:is\:loss.\\\\Loss=CP-SP\\\\Loss=86400-84240\\\\=Rs.\:2160\:(Loss)\\\\Loss\:percent=\frac{LOSS}{CP}\times100\\\\=\frac{2160}{86400}\times100\\\\=\frac{2160}{864}\\\\=2.5\%$

$\\\\\boxed{Loss\:=Rs.\:2160}\\\\\boxed{Loss\:percent=2.5\%}$