Question

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.​

Answer 1

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.