Question

A car dealer fixed selling price of a car for $ 200,000. In the mean time 10% tax was allotted. If the car is sold for $ 240,000, then what is the percentage profit gained?

Answer 1

Answer:

90%

Step-by-step explanation:

10% of  $240000= $24000 as tax

so profit price =240000-24000

                           =216000

profit percent=216000 by 240000*100%

                             =90%(ans)