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02-03-2021
Mathematics

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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

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02-03-2021

Answer:

40000 and 12.5% respectively

Step-by-step 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%

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