Ravi has purchased a vehicle at Rs.60,000. He sold it at a price $30 %$ less than its value to Amit. Amit spent $5 %$ of the amount he purchased in repairs. Find the percentage decrease in the price of the vehicle, including the repair price also.

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Solution

The correct option is B
Amount at which Ravi sold the vehicle = $Rs. 60,000 - (60,000 \times \frac{30}{100}) = Rs.42,000$
Amount spent by Amit on repairs = $Rs. 42,000 \times \frac{5}{100} = Rs. 2,100$
Total amount spent by Amit = Rs. 42,000 + Rs.2,100 = Rs. 44,100
Decrease in price of vehicle = Rs. 60,000 - Rs.44,100 = Rs.15,900
Percentage decrease = $\frac{15900}{60000} \times 100 = 26.5 %$

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Ravi has purchased a vehicle at Rs.60,000. He sold it at a price 30% less than its value to Amit. Amit spent 5% of the amount he purchased in repairs. Find the percentage decrease in the price of the vehicle, including the repair price also.

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