Arun buys an old car for ₹4,75,000 and spends ₹80,000 on its repairs. If he sells the carfor ₹5,85,000, find his gain percentage. (Rounded up to two decimal places)
Given:
Cost price of car = ₹4,75,000
Repair cost = ₹80,000
Selling price = ₹5,85,000
Formula Used:
Total Cost Price = Cost price + Repair cost
Gain = Selling price − Total Cost Price
Gain % =
Solution:
Total Cost Price = ₹4,75,000 + ₹80,000 = ₹5,55,000
Gain = ₹5,85,000 − ₹5,55,000 = ₹30,000
Gain % =
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