The cost price of a car is 5,00,000. A
salesman marks it at 10% above the cost
price. The car is sold at a discount of 5%.
Find the profit and profit percentage.
Answers
Answered by
8
Answer:
Step-by-step explanation:
C.P=Rs 5,00,000
Market price =CP+CP×
100
10
=500000+500000×
100
10
=Rs 550000
Discount =5%
∴Discount=5% of C.P
=
100
5
×5,50,000
=Rs 27,500
Discounted Price =Rs 550000−Rs 27500
=Rs 522500
Profit =Rs 522500−500000
=Rs 22,500
Profit%=
5000000
22500
×100
=4.5%
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