Ravi purchased an old scooter for Rs.12000 amd spent Rs.2850 on its over handling. Then he sold it to his friend for Rs.13860. How much percent did he gain or loss?
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Ravi purchased an old scooter for Rs.12000 amd spent Rs.2850 on its over handling. Then he sold it to his friend for Rs.13860. How much percent did he gain or loss?
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loss percent will be 6×2/3 or 6.66 %
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Answer:
6 %
Step-by-step explanation:
COST OF THE SCOOTER = Rs. 12,000
FURTHER EXPENSES = Rs. 2850
TOTAL MONEY HE SPEND = 12,000 + 2850
= Rs. 14850
HE SOLD IT FOR = Rs. 13860
AS S.P < C.P, HE SUFFERED A LOSS
LOSS = C.P - S.P
= 14850 - 13860
= 990
LOSS % = * 100
= 6 %
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