Question

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

Answer 1

Rs.30000 (200000_(150000+20000)) is profit
and 17.64% is the percentage profit (30000/1700000)

Answer 2

Answer:

profit will be Rs. 30000,

and profit % = 17.64 %

Step-by-step explanation:

According to the question

Cost Price of car = Rs. 1,50,000

Expenditure on repairing and painting = Rs. 20,000

and Selling price of car = Rs. 2,00,000

Here selling price is greater than cost price and  expenditure.

Thus,

Profit = selling price - ( cost price + expenditure)

         = 200000 - 170000

         = 30000 Rs.

Now, we know that profit % =$\frac{profit}{cost\ price\ +\ expenditure }\times100$

                                              = $\frac{30000}{170000}\times100$

                                              = 17.64 %

Hence profit will be Rs. 30000,

and profit % = 17.64 %