ashraf purchased ad old bike for rs73500 . he spet rs 10300 on repairs and paid rs 2600 for its insurances . then he sold it to shrafat for rs 84240. what was his gain or loss percent. 

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  • -1

 Total CP = 73500 + 10300 + 2600

= 86400

SP = 84240

CP > SP then it is a loss . Loss = 86400 - 84240 = 2160

Loss% = Loss / CP * 100

Loss% = 2160  / 86400 * 100

Loss% = 2.5%

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