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Mr. Akbar purchased a car at Rs.2,00,000 and sold it to Mr. Shivam at a loss of 15 %. After 3 months, he purchased the same car from Shivam at Rs.1,80,000. Find out his total profit or loss percentage.1. 10 % loss2. 10 % profit3. 20 % loss4. 20 % profit5. No profit/ no loss |
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Answer» Correct Answer - Option 3 : 20 % loss Given: Cost price of car= Rs.2,00,000 Sold at a loss of15 % Formula used: Loss/profit % = [(profit/loss) × 100]/cost price Calculation: C.P. is Rs.2,00,000 S.P. = C.P. – Loss = Rs. 2,00,000 – 15 % of 2,00,000 = Rs.170,000 New C.P. = Rs.1,80,000 Total loss : Rs.30,000 + Rs.10,000 = Rs.40000 Loss % = (40000/200000) × 100 = 20 %
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