Q 3 Sagar bought an old car for Rs. 65,500 and spent Rs.12,500 on its repair. He then sold it for Rs. 84,500. Find his profit per cent.
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Step-by-step explanation:
c.p=65,500
extra cost spend on repairs =12,500
total cp=c.p+extra cost spend on repairs
=65,500+12,500
=78,000
*so total cp is 78,000.
total sp=84,500
*so sp is greater than cp,so it is profit
profit = 84500-78000
= 6500
profit percent = profit ÷ cp × 100
= 6500 ÷ 78000 ×100
=8.33 %
*so profit percent is 8.33%
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