The cost price of a scooter is 80000 and the lisence charge of scooter is 800 find the cost price of the scooter and if it is sold in 1 lakhs find the profit and the profit percentage
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Answer:
Hello Mate...
The answer is given below....
Cost Price of the Scooter = 80,800.
The person earns a profit of 20,000 (24.75%)
Step-by-step explanation:
Cost Price = Cost Price + Lisence Charge
= 80,000 + 800
Cost Price of the Scooter = 80,800.
The person sells his Scooter at the price of 1,00,000.
Profit = Selling Price - Cost Price
= 1,00,000 - 80,000.
Profit = 20,000
Therefore, Profit% = Profit / Cost Price × 100.
=> 20,000 / 80,800 × 100
=> 24.75%
The person earns a profit of 20,000 (24.75%)
HOPE THIS HELPS....
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