Question

A pre-owned car show-room owner bought a second-hand car for $Rs.1,50,000$. He spent $Rs.20,000$ on repairs and painting then sold it for $Rs.2,00,000$. Find whether he gets profit or loss. If so, what percent

Answer 1

Costof car $=Rs.150000,$

Repair and painting cost $=Rs.20000$

i.e., Total $C.P=Rs.150000+Rs.20000=Rs.170000$

Selling Price $(S.P)=Rs.200000$

Since, $S.P>C.P$

So, car owner got profit.--(1)

Profit $=S.P–C.P=Rs.200000–Rs.170000=Rs.30000$

Percent of profit $=\frac{\text{Profit}}{\text{C.P}}\times 100$

$=\frac{30000}{170000}\times 100$

$=\frac{300}{17}$

$=17.65$ (Approximately)

Hence, Profit is $17.65\%$.---(2)