A man bought a second-hand car for 40,000. He spent 1750 on its painting. He sold it for 42,000. What was his gain or loss?
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A man bought a second-hand car for 40,000. He spent 1750 on its painting. He sold it for 42,000. What was his gain or loss?
Plz reply
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Answer:
Bought for = CP
CP = 40,000
Overheads = 1750
Total CP = 40000+1750
= 41750
Sold = SP
SP = 42000
To find if gain or loss =
SP-CP
42000-41750
= 250
SP>CP
so he got 250 gain
Answer:
No loss
Gain=250
Step-by-step explanation:
Price of the second-hand car=40,000
money he spent on painting=1750
He sold it for=42,000
Gain=40,000+1750=41,750
=41,750-42,000
=₹250
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