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Question
A man buys a car for Rs. 75000 and spends Rs.15000 on repairing it. If he sells the car now for Rs.114000, find the gain percent.
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Solution
C.P. of the car = Rs.75000
Amount spent on repairing = Rs.15000
∴ Total C.P.
= Rs.75000 + Rs.15000
= Rs.90000
S.P. of the car = Rs.114000
∴ Gain
= S.P. - C.P.
= Rs.(114000 - 90000)
= Rs.24000
Gain % = `"Gain"/"C.P." xx 100`
= `(24000)/(90000) xx 100`
= 26.6%
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