Question

16. Find profit or loss percentage.
Ram bought a Maruti Suzuki for Rs 2,00,000. He paid Rs.5000 as transportation. After two years he
sold it for Rs.1,50,000. Find the profit or loss and also find the percentage of profit loss​

Answer 1

Answer:

Price of the Car = 2,00,000 (C.P)

Amount spent on transport= 5,000

= 2,00,000 + 5000 = 2,05,000

Selling price of the Car = 1,50,000 (S.P)

Now, C.P is greater than S.P, so there is a loss.

Loss % = (2,05,000 - 1,50,000) x 1/100

= (55,000 x 1/100) %

= 55%

Hope it helps you