Question

A pre -owned car show room owner bought a second hand car for rs 1,50,000. He spent rs 20,000 on re pairs and painting , then sold it for rs 2,00,000.find whether he gets profit or loss .if so,what percent?

Answer 1

Answer:

he gets profit

profit%=15

Step-by-step explanation:

car cost =1,50,000

spent on repairs & painting =20,000

total cost of car =1,70,000

sold at 2,00,000

profit = sold rate -total cost of car

=2,00,000-1,70,000

=30,000

profit % = profit /sold rate *100

= 30,000/2,00,000*100

=100/20

=15%