Question

Rohan purchase an old car for rupees 73500 he spent 2600 for its insurance then he sold it to mechanics for rupees 84240 . what was his gain or loss%

Answer 1

purchase price = 73500

additional expenses = 2600

cost price = 73500+2600
                =76100

selling price = 84240

gain or loss = selling price - cost price 
                    = 84240-76100
                    =8140

gain percentage  = (gain / cost price )*100
                               =(8140/76100)*100

  gain percentage     =10.70%


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