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?.

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Answer 1

Answer:

Cost of car =150000, Repair and painting cost =20000

Total C.P=150000+20000=170000

Selling Price =200000

Profit or Loss =S.P–C.P=200000–170000=+30000 (Profit)

Percent profit =  

C.P

Profit

​

×100=  

170000

30000

​

×100=17.64

∴  profit is 17.64%.

Step-by-step explanation:

correct answer

Answer 2

Answer:

Solution

Cost of car =150000, Repair and painting cost =20000

Total C.P=150000+20000=170000

Selling Price =200000

Profit or Loss =S.P–C.P=200000–170000=+30000 (Profit)

Percent profit =

C.P

Profit

×100=

170000

30000

×100=17.64

∴ profit is 17.64%.