Brain Stimulants:-
Lokesh bought a car for 27 lakh and spent 10% of the cost for the new tyres and music system. He sold it to Ria
with a profit of 20%, Ria drived it for 2 years and then sold it for 34 lakhs. Find whether Rig is in loss or profit. Also
find its percentage.
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1
Answer
Cost of car
=
150000,
Repair and painting cost
=
20000
Total
C.P=
150000+
20000=
170000
Selling Price
=
200000
Profit or Loss
=
S.P–C.P=
200000–170000=
+30000
(Profit)
Percent profit
=
C.P
Profit
×
100=
170000
30000
×
100=
17.64
∴ profit is 17.64 %.
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