Question

Navdeep bought a car for 2,50,000. He spent 25,000 on getting it repaired. At what price
should Navdeep sell the car to make an overall profit of 25%?



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Answer 1

To make an overall profit of 25% Navdeep should sell the car in ₹343,750

Step-by-step explanation:

GIVEN

Cost price = 2,50,000

Repairing price = 25,000

Profit = 25%

___________________________

We know that,

Selling price = ( 100 + profit% ) × cost price / 100

___________________________

To find the Selling price,

we need to find the total amount he spend

Cost price = Original Cost price + Repairing price

Cost price = 2,50,000 + 25,000

Cost price = 275,000

Cost price = ₹275,000

___________________________

Now,

Selling price = ( 100 + profit% ) × cost price / 100

Selling price = ( 100 + 25% ) × 275,000 / 100

Selling price = 125 × 275,000 / 100

Selling price = 343,750

Selling price = ₹343,750

To make an overall profit of 25% Navdeep should sell the car in ₹343,750