Question

the cost price of a car is 500000 the salesperson marks it 10% above the cost price then the car is sold at a discount of 5% find the profit and profit percentage

Answer 1

this should probably be the answer..

Answer 2

Answer: Profit = Rs. 22500, Profit percent = 4.5%

Step-by-step explanation:

To Find : Profit and profit percentage

Given : Cost price of car = 500000, marked price = 10% above cost price, selling price = 5% discount on marked price

Solution :

Cost price is the amount in which the product is bought.

Marked price is the amount which the seller marks on product in order to make a profit.

Selling price is the amount in which the product is sold. Profit or loss is calculated, based on the selling price.

Cost price of the car = 500000

Marked price of the car = 110% of 500000 = 550000

Selling price = 95% of 550000 = 522500

Since, selling price is greater than the cost price, it is a profit.

∴ Profit = Selling price - Cost price = 522500 - 500000 = 22500

∴ Profit percent = $\frac{profit}{Cost Price} * 100$ = $\frac{22500}{500000} * 100$ = 4.5%

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