Question

Example 1: Raghav bought an old car for 65,500
and spent 12,500 on its repair. He then sold it for
84,500. Find his profit per cent.
1​

Answer 1

Solution:-

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ANSWER:-

• Total money spent by Raghav on the car = 78,000
• Profit% of Raghav = 8.33%

GIVEN:-

• Cost price of the old car bought by Raghav = Rs 65,500
• Money spent for repairing the car = 12,500
• Selling price of the car = 84,500

TO FIND:-

• Total money spent by Raghav on the car = ?
• Profit% of Raghav = ?

FORMULA:-

${\to{\sf{Gain\%=\frac{Gain\times100}{CP}}}}$

SOLVING BY APPLYING THE FORMULA:-

• Total money spent by Raghav on the car = Money spent or buying the car + Money spent on its repair.
• Total money spent by Raghav on the car = 65,500 + 12,500
• Total money spent by Raghav on the car = 78,000
• Gain = SP-CP
• Gain = 84,500-78000
• Gain = 6,500
• Profit% of Raghav = ${\sf{Gain\%=\dfrac{Gain\times100}{CP}}}$
• Profit% of Raghav = ${\sf{Gain\%=\dfrac{6500\times100}{78000}}}$
• Profit% of Raghav = ${\sf{Gain\%=\dfrac{650{\not{0}}\times1}{78{\not{000}}}}}$
• Profit% of Raghav = ${\sf{Gain\%=\dfrac{650}{78}\times1}}$
• Profit% of Raghav = 8.33%

So, gain percent of Raghav by selling the car at 6,500 is 8.33%.

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Answer 2

Gain Percent of Raghav by selling the car is 6,500 is 8.33%