Question

A car dealer bought a second hand car for 1,50,000.he spent 12,500on its repairs and painting and then sold it for 1,70,000.find its profit or loss percantage

Answer 1

Total CP =1,50,000+12,500=1,62,500
SP=1,70,000
SP>CP,so there is a profit
profit%=(profit/CP)×100
So,profit %=(7500/162500)×100
So Ans = 4.6%profit