Question

TTT TT NT RITA
Mr. Verma bought a car for Rs. 100,000 and spent Rs.
50,000 on its repairs. He required funds for business so he
sold this car for Rs. 120,000. Find out his loss%​

Answer 1

Answer:

money spent on car by Verma = 1,00,000+50,000,

= 1,50,000 rs.

nd sold his car for Rs.1,20,000,

therefore,

loss% = [(150000-120000)/150000] * 100,

=>loss % = (30000/150000) * 100,

=> loss % = (1/5)*100,

=> loss % = 20%.

Hope it helps u..