Question

12. A pre-owned car show-room owner bought a second hand car for 1,50,000. He spent
220,000 on repairs and painting, then sold it for 32,00,000. Find whether he gets profit
or loss. If so, what percent?​

Answer 1

Answer:

Answer

Cost of car =150000, Repair and painting cost =20000

Total C.P=150000+20000=170000

Selling Price =200000

Profit or Loss =S.P–C.P=200000–170000=+30000 (Profit)

Percent profit =

C.P

Profit

×100=

170000

30000

×100=17.64

∴ profit is 17.64%