Question

Pranav buys a car for $45000 and sells it for $54000. What is his profit percent?

Answer 1

Answer:

900000/45000=20 it is correct answer hope it will help you

Answer 2

The profit percent is equal to 20%.

Step-by-step explanation:

When a buyer buys an object, we call it the cost price of that object. When that object is sold by the buyer, we call it the selling price of that object. Now, if the selling price of the object is greater than the cost price of the object, we say that there has been a profit and the profit can be calculated by subtracting the cost price of the object from the selling price of that object.

Now, according to the given information, we are given that Pranav buys a car for $45000 and sells it for $54000. This means that the cost price of the car is equal to $45000 and the selling price of the car is equal to $54000. Now, we need to find out the profit percent here.

Now, the profit is equal to the difference between the selling price and the cost price.

Then, profit = $54000 - $45000 = $9000.

Now, in a cost price of $45000, we get a profit of $9000.

Now, in a cost price of $1, we get a profit of $$\frac{9000}{45000} = \frac{1}{5}$.

Then, in a cost price of $100, we get a profit of $\frac{1}{5}*100$ = 20%

Thus, the profit percent is equal to 20%.

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