Question

Babu bought a second - hand car for 1,28,750. He spent 10, 263 on painting it. Later he
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sold it for 1,75,000. What is his profit or loss?​

Answer 1

CP = 128750

Overheads = 10263

Total CP = 128750+10263

= 139013

SP = 175000

Since SP>CP

There is profit.

Profit = SP-CP

= 175000-139013

= 35987

Hope it helps.

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