A shopkeeper bought a second hand car for $R s . 1, 50, 000$ . He spent $R s . 10, 000$ on its painting and repair and then sold it for $R s . 2, 00, 000$ . Find his profit or loss.

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Solution

Money spent in buying the car $= R s .1, 50, 000$
Money spent on repair $= R s .10, 000$
Money earned by selling $= R s .2, 00, 000$
$∴$ Total cost price $C . P = R s .1, 60, 000$
Selling price $= R s .2, 00, 000$
$∵ S P > C P$ $∴$ Profit
and Profit $= R s .2, 00, 000 - R s .1, 60, 000 = R s .40, 000$

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A shopkeeper bought a second hand car for Rs. 1,50,000. He spent Rs. 10,000 on its painting and repair and then sold it for Rs. 2,00,000. Find his profit or loss.

Money spent in buying the car =Rs.1,50,000Money spent on repair=Rs.10,000Money earned by selling =Rs.2,00,000∴ Total cost price C.P=Rs.1,60,000Selling price=Rs.2,00,000∵SP>CP ∴ Profitand Profit=Rs.2,00,000−Rs.1,60,000=Rs.40,000

A shopkeeper bought a second hand car for $R s . 1, 50, 000$ . He spent $R s . 10, 000$ on its painting and repair and then sold it for $R s . 2, 00, 000$ . Find his profit or loss.