Question

Ramesh bought a jeep for ₹5,60,000 and accessories for ₹15,000.Together he sold them for ₹7,00,000. Find his profit percentage​

Answer 1

Explanation -:

Given:

• Cost price of the jeep = ₹ 5,60,000
• Money spend on its accessories = ₹ 15,000
• Selling price of the jeep = ₹ 7,00,000

To Find :

• Profit%

Solution :

Net C.P. of the jeep = ₹ (5,60,000 + 15,000)

= ₹ 5,75,000

Since, S.P. > C.P. , it's a gain

$\large\rm{ \green{ Gain= S.P - C. P. }}$

Gain = ₹ (7,00,000 - 5,75,000) = ₹ 1,25,000

$\large\rm{ \blue{Gain\% = \frac{Gain}{C.P.}× 100}}$

$\small\rm{Gain\% = \frac{125000}{575000} \times 100 = 21.73\%}$

$\large\fbox{ {Gain\% = 21.73\%}}$

NOTE :

• C.P. means Cost Price
• S.P. means Selling Price

$\rule{ 70mm}{2pt}$

$\large\fbox{ \fbox{Additional \: Information}}$

$• \: \small\rm{Loss = CP - SP}$

$• \: \small\rm{Loss\% = \frac{Loss}{CP}× 100}$