Question

Mathangi purchased a car for rs. 250000 and sold it for 348000. What is the % of profit made

Answer 1

Mathangi purchased a car for rs. 250000 and sold it for 348000. What is the % of profit made:-

It's 50%

Answer 2

Answer:

Therefore, the profit percentage made by selling the car = 39.2%    

Step-by-step explanation:

Cost price of car bought by Mathangi = Rs. 250000

Also, The selling price of the car = Rs. 348000

Since, The selling price is greater than the cost price so, Mathangi gains a profit by selling the car

And we need to find the profit percentage made by selling the car

So, Profit = Selling price - cost Price

⇒ Profit = 348000 - 250000

⇒ Profit = Rs.  98000

Now, Profit Percentage = Profit/C.P. × 100

⇒ Profit percentage = 98000/250000 × 100

⇒ Profit percentage = 0.392 × 100

⇒ Profit Percentage = 39.2%

Therefore, the profit percentage made by selling the car = 39.2%