please help me time find
Answers
Answer:
22.729% of profit
Step-by-step explanation:
cost of the car=1,90,000Rs.
insurance=3200Rs.
Cost of repairing=10,500Rs.
Total cost =1,90,000+3,200+10,500
2,03,700Rs
Selling Price of the car=2,50,000Rs.
selling price is greater than cost price
hence there is a profit
profit=Selling Price-Cost price
2,50,000-2,03,700
=46,300Rs.
profit%=profit/C.P.×100
= 46300/203700×100
=22.729%
Question :-
Raghav Bought an old car for ₹ 1,90,000 and spent ₹ 3,200 on it's insurance ₹ 10,500 on repairing . If he sold it for 2,50,000 . Find gain or loss Percentage.
To Find :-
The Profit or Loss Percentage on the transaction.
Given :-
- Cost Price = ₹ 1,90,00
- Insurance Cost = ₹ 3,200
- Cost on Repairing = ₹ 10,500
- Selling Price = ₹ 2,50,000
We Know :-
Profit PercentaGe :
Loss PercentaGe :
Where,
- P = Profit
- L = Loss
- P% = Profit Percentage
- L% = Loss Percentage
- CP = Cost Price
Concept :-
A/c
Total Cost Price = Original Cost Price + Reparing Cost + Insurance Cost
Hence, the Total cost Price is ₹ 2,03,700.
Since , the Selling Price is greater than the Cost Price , Raghav has a profit.
We Know that , P = SP - CP .
Hence , the Profit gained is ₹ 46,300.
Solution :-
Required :-
- Profit = ₹ 46,300
- Cost Price = ₹ 2,03,700
Using the formula for profit Percentage and by substituting the values in it , we get :
Hence , the profit Percentage is 22.7%.