Ashok bought a car for 78000. He paid 2000 as interest on the loan he got from a bank to purchase the car. He sold this car for 85000. Find his profit per cent.
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Answer:
6.25%
Step-by-step explanation:
C.P = Rs 78000 + Rs 2000
= Rs 80000
S.P = Rs 85,000
Profit = S.P - C.P
= Rs ( 85000 - 80000)
= Rs 5000
Profit % = profit /C.P x 100
= 5000/ 80000 x 100
= 6.25%
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