Question

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

Answer 1

Price on which the car is bought is Rs.1,50,000.
Money spent on repairs and painting is Rs. 20,000
Total money he spent is Rs1,50,000 + Rs.20,000
= Rs. 1,70,000
The price at which he sold the car is Rs.2,00,000
.: Profit
= Rs.2,00,000 - Rs.1,70,000
= Rs.30,000
Profit % =
30000÷170000 x 100%
=3÷17 x 100%
=0.1764 x100%
= 17.64%

Answer 2

• Answer:

Cp=1,70000

sp=200000

profit=sp-cp

profit=200000-1,70000

profit=30000

gain% =gain/cp ×100

= 30000/1,70000 ×100

=3/17×100

=300/17

• =17.6% gain is answer