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Question

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 = 3/4,9/09/0,9/09/00 3,9 2, 5 3 5––––––––––– 7 4 6 5–––––

Profit = Rs 7465 Answer.


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