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
3
Answer:
4.5%
Step-by-step explanation:
C.P=Rs 5,00,000
Market price = CP + CP × 10/100
=500000 + 500000 × 10/100
=Rs 550000
Discount =5%
∴Discount=5% of C.P
= 5/100 × 5,50,000
=Rs 27,500
Discounted Price =Rs 550000−Rs 27500
=Rs 522500
Profit =Rs 522500−500000
=Rs 22,500
Profit%= 22500/5000000 × 100
=4.5%
Hope this helped.
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