Question

A man bought a car for $₹25,000$ He spent $3000$ on repaires and spent $500$ on other expenses$.$ He sold the car for $40,000$ Find his gain percent$.$

Answer 1

Step $1:$ To find the gain percent

It is given that cost price of a car $=$$₹25,000$

He spent on repairs $=$$3000$

Other expenses $=$$500$

Selling price of the car $=$$40,000$

Step $2:$ Now find the total cost of the car with all expenses.

$C.P.=25000+3000+500$

$C.P.=28500$

$S.P.=40000$

Step $3:$ Now find the gain percent using formula

Gain $\%$ $=\frac{S.P.-C.P.}{C.P.}\times 100$

$=\frac{40000-28500}{28500}\times 100$

$=\frac{11500}{285}$$,$ Divide $11500$ by $285$ using long division method

$=40.35\%$

Hence, the gain percent on the car is $40.35\%$