Question

George bought a car at 5000 and sold it at 5500 what benefit in percent did the make​

Answer 1

Answer:

10%profit

Step-by-step explanation:

Cp=5000

Sp=5500

Profit =500

Profit %=500/5000×100=10%

Answer 2

George gained 10% profit on selling the car.

Given:

George bought a car at 5000 and sold it at 5500.

To Find:

The profit percentage of George.

Solution:

We are given that George bought a car at 5000 and sold it at 5500.

i.e. the cost price of the car, CP = 5000

and the selling price of the car, SP = 5500.

We know that profit = SP-CP.

Hence, profit on selling the car = 5500-5000 = 500.

Now, profit percentage = (SP-CP)/CP x 100 = 500/5000 x 100 = 10%.

Hence, George gained 10% profit on selling the car.

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