2. Rahul bought as second hand car for ₹ 70000 and spent \( ₹ 5000 \) on overhauling and paintinge He then sold it for \( ₹ 67500 \) Find his gain or loss per cent

To determine Rahul's gain or loss percentage from selling the car, let's break down the costs and the selling price. 1. **Initial Cost Price (CP):** Rahul bought the second-hand car for ₹70,000. 2. **Additional Expenses:** He spent an additional ₹5,000 on overhauling and painting the car. 3. **Total Cost Price (CP):** \[ \text{Total CP} = \text{Initial CP} + \text{Additional Expenses} = ₹70,000 + ₹5,000 = ₹75,000 \] 4. **Selling Price (SP):** Rahul sold the car for ₹67,500. 5. **Calculating Loss:** \[ \text{Loss} = \text{Total CP} - \text{SP} = ₹75,000 - ₹67,500 = ₹7,500 \] 6. **Loss Percentage:** \[ \text{Loss Percentage} = \left( \frac{\text{Loss}}{\text{Total CP}} \right) \times 100 = \left( \frac{7,500}{75,000} \right) \times 100 = 10\% \] **Conclusion:** Rahul incurred a **10% loss** on the transaction. **Answer:** Rahul incurred a 10 % loss on the transaction.