A shopkeeper bought a second hand car for Rs.1,50,000.He spent Rs. 15,000 on repairs and sold
it for Rs. 2,00,000.Find his profit or loss.
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Money spent in buying the car =Rs.1,50,000
Money spent on repair=Rs.10,000
Money earned by selling =Rs.2,00,000
∴ Total cost price C.P=Rs.1,60,000
Selling price=Rs.2,00,000
∵SP>CP ∴ Profit
and Profit=Rs.2,00,000−Rs.1,60,000=Rs.40,000
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