Question

Ramesh bought a car for Rs 6,00,000 and sold it for Rs 7, 20,000. Find the profit and profet percentage. ​

Answer 1

Step-by-step explanation:

Cost Price (CP) of car = ₹6,00,000

Selling Price (SP) of car = ₹ 7,20,000

$\because SP > CP\\</p><p></p><p>\therefore Profit =SP - CP\\</p><p></p><p>\therefore Profit = Rs. 7,20,000 - Rs. 6,00,000\\</p><p></p><p>\therefore Profit =Rs. 1,20,000$

Now,

$Profit \: percent = \frac{Profit}{CP} \times 100 \\\:\: \:\:\:\:\:\:\:\:\:\:\:\:\:\:\: \:\:\:\:\:\:\:\:\:\:\:\:\:\: = \frac{1, 20,000}{6,00,000} \times 100\\ \:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:= \frac{120}{6} \\ \:\:\:\:\:\:\:\:\:\:\:\:\:\:\: \:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:=20\%$