Question

A man bought a car for Rs. 2,00,000 and spent Rs. 50,000 on its repair. He sold it for Rs. 30,00,000. What is the profit percentage? A) 20% B) 10% C) 50% D) 25% please expalin step by step....

Answer 1

Answer

Option A

20%

Step-by-step-explaination:

${{{{COST \ OF \ CAR = 200000 Rs }}}}$

${{{{COST \ OF \ CAR \ REPAIR = 50000 Rs }}}}$

$\mathtt{TOTAL \ MONEY \ SPENT = CP = 200000+50000=250000}$

$\mathtt{Selling \ price \ of \ car = 300000Rs}$

$\mathtt{Profit = Sp-Cp=300000-250000=50000Rs}$

$\mathtt{selling \: price = 30,00,000}$

profit % = profit/cp ×100

= 》 50000/250000×100

= 》 20%