16. Mr. X bought a car for 135000. He spent * 25000 on it as repairs and sold it for 165000. Find his profit per cent.
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Answer:
3.03 %
Step-by-step explanation:
total investment on car is
Invest=135000+25000
=160000
profit = (sold price-investment)×100/investment
=(165000-160000)×100/160000
=3.03 %
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