Question

If a car is sold for Rs..50000 the profit is 17 percent, what would be profit percentage if sold for Rs. 47000

Answer 1

By applying unitary method the answer is 15.98 percent

Answer 2

Let the CP of car be x
therefore , profit = 17/100 × x

SP = CP + profit
50000 = x + 17x/100
50000 = 117x/100
x = (50000× 100)/117
x = 42735.04 = CP

now let the profit percent be y
so,profit = y/100 × 42735.04
= 42735.04y/100

SP = CP + profit
47000 = 42735.04 + 42735.04y/100
47000 = 42735.04 + 42735.04.y/100
47000- 42735.04 =42735.04.y/100
4264.96 = 42735.04.y/100
y = {4264.97 * 100}/42735.04
y = 426497 / 42735.04
y = 9.98 percent ( approx)