Amit bought a second hand car for ₹1,95,000. He spends ₹3,000 on painting of it and another ₹2,000 for repairs. He, then, sold it for ₹2,80,000. Find his profit % or loss %
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Amit bought a second hand car for ₹1,95,000.
Answer :
Total cost price = 195000+3000+2000
=200000
Selling price =280000
% profit =280000-195000
=85000
Hence this is profit of ₹85000
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