Question

Sam bought a used car for ₹14,500 and spent another ₹1,500 on repairs and then sold it for ₹20,000.
a. What is the total amount Sam spent on the car?
b. Evaluate whether he made a profit or loss on the sale.
c. Calculate his percentage profit or loss on the car.

Answer 1

Answer:

a)₹16000

b)Profit of ₹4000

c)₹4000×100/16000

400/16

25%

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