Question

Reva is car dealer. She buys second hand cars and sells them. She bought a second hand car at rupees 3,45,000 and spend rupees 25,000 on its repairs and beautification. She then sold the car for rupees 2,96,000. find her profit or loss percent. OR ​

Answer 1

Answer:

Cost price of car = Rs.150000

He spent rupees 12500 on its repair and painting

Repairing cost = Rs. 12500

Total CP = 150000 + 12500

Total CP = 162500

Then sold it for rupees 170000

SP = 170000

We can see,

SP > CP

Which is gain

Gain = SP - CP

Gain = 170000 - 162500

Gain = 7500

Find the gain percent

Thus gain percentage is 4.16 %