Question

Virat buys an old car for rs 50000 and spends rs 5000 on it's repair .if he sells the scooter for rs 60500 his gain percent is?​

Answer 1

Question :

Virat buys an old car for rs 50000 and spends rs 5000 on it's repair .if he sells the scooter for rs 60500 his gain percent is?

Answer :

$\sf\pink{Given:}$

• Buying price of car is Rs 50000 .

• Repairing price of car is Rs 5000 .

• Selling price is Rs 60500 .

$\sf\pink{To\:find:}$

• Profit percentage ?

Explanation :

$\bf\purple{Cost\:price = Buying\: price + Repairing\: Price }$

$\longrightarrow\sf{ 50000 + 5000}$

$\longrightarrow\sf{ 55000}$

Therefore the cost price is Rs 55,000

$\bf\green{profit = selling\: price - cost\:price }$

$\longrightarrow\sf{60500 - 55000}$

$\longrightarrow\sf{5500}$

Therefore the profit is Rs 5500 .

$\bf\red{profit\: percentage = \dfrac{profit}{cost\:price}\times 100}$

$\\ \longrightarrow\sf{\dfrac{5500}{55000}\times 100}$

$\\ \longrightarrow\sf{\dfrac{55}{550}\times 100}$

$\\ \longrightarrow\sf{\dfrac{55}{55}\times 10}$

$\\ \longrightarrow\sf{1\times 10}$

$\\ \longrightarrow\sf{ 10}$

Therefore the profit percentage is 10%