Question

A car dealer bought a second-hand car for ₹1, 40, 000. He spent ₹15,000 on its repairs and painting and then sold it for ₹1, 70, 500. Find his profit or loss percentage.​

Answer 1

Answer:

Gain percentage is 4.16 %

Solution:

Cost price of car = Rs.150000

He spent rupees 12500 on its repair and painting

Repairing cost = Rs. 12500

Total CP = 150000 + 12500

Total CP = 162500

Then sold it for rupees 170000

SP = 170000

We can see,

SP > CP

Which is gain

Gain = SP - CP

Gain = 170000 - 162500

Gain = 7500

Find the gain percent

\begin{gathered}\text{Gain percent } = \frac{ gain }{ CP } \times 100\\\\\text{Gain percent } = \frac{ 7500}{ 162500} \times 100\\\\\text{Gain percent } = 4.16 \%\end{gathered}

Gain percent =

CP

gain

×100

Gain percent =

162500

7500

×100

Gain percent =4.16%

Thus gain percentage is 4.16 %

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