Question

Ravi bought a second-hand car for 1,25,000 and spent 15,000 for repainting it. If he sold it for 1,61,000, what is his profit%?

Answer 1

Total Cost price= 125000+15000= 140000
If S.P. =161000
Then,
Profit=S.P.-C.P.=161000-140000=210000
Profit is Rs.210000