Q7 of 45 Page 8

Ravi purchased an old scooter for Rs. 12000 and spent Rs. 2850 on its overhanling. Then he sold it to his friend for Rs. 13860. How much percent did he gain or loss?

Purchase price = Rs. 12000, overheads = Rs. 2850 Total cost price = Rs(12000 + 2850) = 14850SP = Rs. 13860loss = Rs(14850 - 13860) = Rs. 990

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