Question

Rohit bought a truck for 15,00,000. He replaced the engine for 3 65,000 and repainted it for 35,000. He, then, sold it
at a price of 20,00,000. Find his profit%.
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Answer 1

Answer:

5.26%

Step-by-step explanation:

formula used :

profit% = (profit×100)/cost price

step 1: we need to find the profit

profit= (selling price - cost price)

given, selling price = 20,00,000

cost price = (price at which rohit purchased truck +

money he spent on the truck before selling)

Cost price = 15,00,000 (truck bought at this price)

+ 3,65,000 ( engine replacement cost)

+ 35,000 ( repainting cost)

----------------------

Cost Price = 19,00,000

Profit = Selling Price- Cost Price

= 20,00,000 - 19,00,000

Profit =1,00,000

Step2: we need to find profit %

Profit% = (profit×100)/Cost price

profit % = (1,00,000×100)/19,00,000

=5.26% (answer)