Question

Ravi bought an old car for Rs. 120000. He spent Rs. 25000 on its overhauling. After a week he sold it for Rs. 160000. Find his profit or loss percent.​

Answer 1

The c.p of a car=Rs1,20,000

Expenditure after purchasing=Rs25,000

Hence, the total price=1,20,000+25,000

=Rs1,45,000

S.p of that car=Rs1,60,000

Profit=s.p-c.p

=1,60,000-1,45,000

=Rs15,000

% of profit=profit/s.p×100

=15,000/1,60,000×100

=9.37%

Answer 2

Answer:

9.37%

Step-by-step explanation:

the C.p of the car=120000

overhauling after purchasing =25000

the total price =120000+25000=145000

s.p of that car =160000

profit=s.p-c.p

=160000-145000

=15000

=profit\C.p×100

=15000\145000×100=300\29

=answer=10.34%