Question

purchased an old car for rupees 80,000. He spent rupees 20,000 on repairs of it. Then sold it to rupees 1,20,000.Find the gain percent​

Answer 1

Step-by-step explanation:

Cost of car =150000, Repair and painting cost =20000

Total C.P=150000+20000=170000

Selling Price =200000

Profit or Loss =S.P–C.P=200000–170000=+30000 (Profit)

Percent profit =

C.P

Profit

×100=

170000

30000

×100=17.64

∴ profit is 17.64%.