A bought a old car for Rs. 3,72,535. After spending Rs. 20,000 on its repaie he sold it for Rs 4,00,000. Find the profit or loss incurred by A.

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Solution

Step 1

Cost price of the old car = Rs 3,72,535

Amount spent on repairs = Rs 20,000

= Overhead charges

Final CP $= 3, 72, 535 + 20, 000 - ------ - 3, 92, 535 - -------- -$

Step 2

Selling price of the car = Rs 4,00,000

Final CP of the car = Rs 3,92,535

SP > CP $∴$ A makes a profit

Profit = SP - CP = $3 / 4, 9 / 0 9 / 0, 9 / 0 9 / 0 0 3, 92, 535 - ----------- - 7465 - ----- -$

Profit = Rs 7465 Answer.

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