Question

a man purchased a second hand car for 640000 and spend rupees 18950 for repairing it if the car was sold after 3 years at the rate 5% compound depreciation. find his loss​

Answer 1

40000 and 12.5% respectively

Explanation:

soln:

given,

cost price(c.p)=320000

selling price(s.p)=280000

loss(l),loss percentage(l%)=?

we know,

l=c.p-s.p

or,l=320000-280000

•°•l=40000

now,

l%=l/c.p*100%

or,l%=40000/320000*100%

•°•l%=12.5%