Question

Rohit purchased an old car for Rs.5,20,000
He spent Rs. 10,300 on its repairs and paid
Rs.3000 for its insurance. Then, he sold it to
a mechanic for Rs.6,40,000. Find his gain or
loss​

Answer 1

step be step explanation =

Cost price of car =5,20,000

total cost price =

10,300+3000+5,20,000

=533300

selling price of car = 6,40,000

here,

selling price > cost price

so we have gain...

gain = selling price - cost price

=6,40,000-5,33,300

=116700rs.