Answer :
Actual Price of an old car = Purchase Price + Overheads (Like Repairing Cost, Insurance)
= 73500 + 10300 + 2600
= 86400
Cost Price (CP) = Rs.86400
Selling Price (SP) = Rs.84240
Since, CP > SP. So, this will be considered as Loss.
Loss = CP – SP
= 86400 – 84240
= 2160
Hence,
= 2.5%
So, Loss percent is 2.5%
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