Question

ashok bought a car for rs. 78000 he paid rs.2000 as interest on the loan he got from a bank to purchase a car. he sold this car for rs. 85000.find his profit per cent

Answer 1

Hey...,!!

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%

Hope it helps...!!!