Question

A trader boughr a second hand car for rupees 75,000 from bombay and sold it in nagpur for rupees 94,000. If his additional expenses mounted to rupees 15,000 , find the gain or loss in percent.

Answer 1

A trader boughr a second hand car for rupees 75,000 from bombay

Purchase price = 7500

additional expenses mounted to rupees 15,000

So cost price= 75000 + 15000= 90000


He Sold it in Nagpur for 94000

So selling price = 94000

Selling Price > Cost price

so profit exists..

Profit = selling price - cost Price

= 94000 - 90000

=4000


Profit Percentage

= (Profit/cost price ) ×100

=(4000/90000)×100

=400000/90000

=4.44%