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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