Question

Renu sold her car for Rs. 1,50,000. If she paid Rs. 1,20,000 for it, find her profit percent.

Answer 1

profit = selling price -cost price
profit =150000-120000
profit = 30000
profit % =
$\\ \frac{profit \times 100}{cost \: price}$
profit %=
$\frac{30000 \times 100}{150000}$

profit%=20%