Question

A pre owned car showroom owner bought a second hand car for 150000 rupees he spent 20000 rupees on repairs and painting then sold it for 200000 find whether he gets profit or loss. If so, what percent?

Answer 1

He has a profit of 30000

Answer 2

Answer:

17.647%

Step-by-step explanation:

Cost price of car = Rs.150000

He spent on repairing = Rs.20000

So, Total Cost price = Rs.150000 + Rs.20000

                                =RS.170000

Selling price of car = Rs.200000

So, SP >CP

So, Profit

Profit% = $\frac{SP-CP}{CP} \times 100$

Profit% = $\frac{200000-170000}{170000} \times 100$

Profit% = $17.647\%$

Hence his gain percent is 17.647%