Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Experience the convenience of getting reliable answers to your questions from a vast network of knowledgeable experts. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

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​

Sagot :

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%