Question

1.
An old car was purchased by Lalit for
78000 and 18600 were spent on its
repairs. After 2 years, it was sold for
* 99395. Find the profit and its percentage.​

Answer 1

Answer:

Profit: 2795 Profit Percentage: 2.89%

Step-by-step explanation:

Amount Lalit purchased the car for = Rs78000

Amount spent on repairs = Rs18600

Total expenditure (CP) = 78000 + 18600 = Rs96600

Amount he sold car for (SP) = Rs99395

Profit = SP - CP

Profit = 99395 - 96600

Profit = Rs2795

Profit % = Profit/CP * 100

= 2795/96600 * 100

= 2795/966

= 2.89%