Question

Abhinav bought a second hand scooter for Rs 10500 and spend Rs250 on its repairs. He then sold it to his friend for Rs12362.50. what is his profit percentage
plz write the whole steps
​

Answer 1

Answer :-

• The profit percentage of Abhinav is 15%.

Given :-

• Abhinav bought a second hand scooter for Rs 10500.
• He spent Rs 250 on its repairs.
• He sold it to his friend for Rs 12362.50.

To find :-

• His profit percentage.

Step-by-step explanation :-

Cost price of the second hand scooter = Rs 10500.

Amount spent on repairs = Rs 250.

Thus, total amount spent = Rs 10500 + Rs 250 = Rs 10750.

Now, we know that :-

$\fbox{Profit = Selling price - Cost price.}$

Here,

Total cost price = Rs 10750.

Selling price = Rs 12362.50.

So,

Profit = Rs 12362.50 - Rs 10750 = Rs 1612.5.

We know the profit now.

So, let's find the profit percentage.

We know that :-

$\boxed{\sf Profit \: \% = \dfrac{Profit}{CP} \times 100}$

Here,

Cost price = Rs 10750.

Profit = Rs 1612.5.

So, let's apply the formula.

Thus, we get :-

$\sf\dfrac{1612.5}{1075\!\!\! \not0} \times 10 \!\!\!\not0$

Cutting off the zeroes,

$\sf \dfrac{1612.5}{1075} \times 10$

Dividing Rs 1612.5 by Rs 1075,

$\sf1.5 \times 10$

Multiplying the numbers,

$\sf\Rightarrow15.$

Thus, Abhinav earned a profit of 15% after selling the second hand scooter to his friend for Rs 12362.50.