Question

rajat bought a car for Rs.220000 is he spends Rs.6000 on repairs and Rs.5000 on air conditioning if he sells his car for Rs.265650 find the percentage of loss or profit in the transaction

Answer 1

Total cost on car including over head expenses (ie , CP) =220000+5,000+6,000
=231,000 rupees

SP=265650 rupees

SP>CP
That means profit is made

Profit % = 265650-231000/231000 * 100
=34650/2310
=15% profit

Answer 2

There is 15% profit.

Given : Rajat bought a car for Rs.220000 is he spends Rs.6000 on repairs and Rs.5000 on air conditioning. He sells his car for Rs.265650.

To find : The profit or loss percentage.

Solution :

We can simply solve this mathematical problem by using the following mathematical process. (our goal is to calculate the profit or loss percentage)

Purchasing price = Rs. 220000

Total expenditure on reparing and air-conditioning :

= Rs. (6000+5000)

= Rs. 11000

Total cost price :

= Purchasing price + Total expenditure on reparing and air-conditioning

= Rs. (220000 + 11000)

= Rs. 231000

Selling price = Rs. 265650

Now, Total cost price < Selling price

(As, Rs. 231000 < Rs. 265650)

So, the deal will produce a profit.

Profit amount :

= Selling price - Total cost price

= Rs. (265650 - 231000)

= Rs. 34650

Profit percentage :

= [100 × (Profit amount / Total cost price)]%

= [100× (34650/231000)]%

= 15%

(This will be considered as the final result.)

Hence, there is 15% profit.