A car was purchased for $ 4,80,000 and Sneha spent $ 17,500 on customising it . Later she sold it for $5,00,000 .Find her loss or gain per cent
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CP of car = $ 4,80,000
SP of car = $ 5,00,000
Overhead Charge = $4,80,000+$17,500
= $ 4,97,500
Here CP<SP, SO profit
Profit = SP-CP
= $5,00,000-$4,97,500
= $2,500
P% = P/CP×100
= $2,500/$4,80,000×100
= 1.4%
Hope it helps you,
Please mark as ☆Brainliest Answer☆
SP of car = $ 5,00,000
Overhead Charge = $4,80,000+$17,500
= $ 4,97,500
Here CP<SP, SO profit
Profit = SP-CP
= $5,00,000-$4,97,500
= $2,500
P% = P/CP×100
= $2,500/$4,80,000×100
= 1.4%
Hope it helps you,
Please mark as ☆Brainliest Answer☆
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