Question

1) A shopkeeper bought a second hand car rs 1,50,000. he spent rs 10000 on its painting and repair and then sold it for rs 200000. find his profit or loss.

Answer 1

CP =Rs 150000
Spent = Rs 10000
Total CP = Rs 150000 + Rs 10000
= Rs 160000
SP= Rs 200000
Bcause SP>CP
Therefore Profit = SP-CP
= 200000-160000
=Rs40000
Profit = Rs 40000

Answer 2

Answer:

25%

Step-by-step explanation:

CP of car = Rs.150000

Repairing cost = Rs.10000

Total CP = 150000+10000 = Rs.160000

SP of car = Rs.200000

Profit = SP - CP

Profit = Rs. 200000-Rs.160000 = Rs.40000

Profit% = $\frac{Profit}{CP} \times 100$

Profit% = $\frac{40000}{160000} \times 100$

Profit% = $25\%$

Hence his gain % is 25%