Mohan bought a used car for?4000and sold it to priya for ?5000.Mohan later bought it back for?6000and then resold it to priya ?7000.How much profit did Mohan make?
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0 as 5000-4000=1000+6000=7000-7000=0
Mandymannu:
sp=5000+7000=12000, cp:-4000+6000=10000, therefore profit:-2000
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Answered by
1
Mohan 1st bought the car=4000
Then sold it for = 5000
So profit =5000-4000=1000
Mohan 2nd bought it for =6000
Then he did it for = 7000
So profit =sp-cp =7000-6000 =1000
So the profit here in both the cases is same =1000
But in a case he had on loss
1st he bought it for =4000
2nd he bought for =7000
So increased price = 7000 - 4000=3000
3000/4000*100=12%
Then sold it for = 5000
So profit =5000-4000=1000
Mohan 2nd bought it for =6000
Then he did it for = 7000
So profit =sp-cp =7000-6000 =1000
So the profit here in both the cases is same =1000
But in a case he had on loss
1st he bought it for =4000
2nd he bought for =7000
So increased price = 7000 - 4000=3000
3000/4000*100=12%
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