A scooter mechanic bought an old scooter for₹3000 and spent ₹2000 on its reparing. Find his profit%,
if
he sold it for₹ 8000
Answers
Answer:
C.P of scooter =3000
Overhead expenses =2000
Total C.P= 5000
S.P of scooter =8000
Profit=3000
Profit %=3000/5000×100
=60%
The given question is A scooter mechanic bought an old scooter for₹3000 and spent ₹2000 on its reparing. Find his profit%, if he sold it for₹ 8000
The cost price of the scooter is ₹ 3000.
The repairing charge is ₹ 2000.
The selling price of the scooter is ₹8000.
we have to find the profit obtained by the scooter mechanic .
The profit can be obtained by calculating the difference between the selling price and the cost price.
selling price - cost price.
In between the mechanic had spent some money in repairing the scooter, so that money should be reduced from the profit.
The profit earned by the scooter mechanic is ₹3000.
The percentage can be calculated by profit divided by the costprice then it should be multiplied by 100
(3000/5000)*100
(3÷5)* 100
300÷5=60%
Therefore, the percentage of profit obtained is 60%
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