Mr. Mehta purchased a second hand car for Rs. 85000 and spent Rs. 15000 on repairs. After sometime, he sold the car for Rs. 90000. Find the profit or loss. Also calculate it as percentage.

Answer

To solve the problem step by step, we will follow these calculations:

### Step 1: Determine the Cost Price (CP)
Mr. Mehta purchased the car for Rs. 85,000 and spent Rs. 15,000 on repairs.

**Calculation:**
\[ \text{Total Cost Price (CP)} = \text{Purchase Price} + \text{Repair Cost} = 85,000 + 15,000 = 1,00,000 \text{ Rs.} \]

### Step 2: Determine the Selling Price (SP)
The selling price of the car is given as Rs. 90,000.

### Step 3: Calculate Profit or Loss
To find out if Mr. Mehta made a profit or a loss, we compare the Selling Price (SP) with the Cost Price (CP).

**Calculation:**
\[ \text{Loss} = \text{Cost Price (CP)} - \text{Selling Price (SP)} = 1,00,000 - 90,000 = 10,000 \text{ Rs.} \]

### Step 4: Calculate Loss Percentage
To find the loss percentage, we use the formula:
\[ \text{Loss Percentage} = \left( \frac{\text{Loss}}{\text{Cost Price (CP)}} \right) \times 100 \]

**Calculation:**
\[ \text{Loss Percentage} = \left( \frac{10,000}{1,00,000} \right) \times 100 = 10\% \]

### Final Answer:
- **Loss**: Rs. 10,000
- **Loss Percentage**: 10%

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