Question

Abdul bought a car for Rs 425000 and spent Rs 25000 on repairs. for how much should he sell the car if he wants to make a profit of 10%

Answer 1

Dear student,


$$\begin{gathered} CostpriceofCar=Rs425000 \\ Hespentonrepairs=Rs25000 \\ TotalCostPrice=Rs425000+Rs25000=Rs450000 \\ HemakesaProfitof10\% \\ Nowweknow, \\ Profit\%=\frac{Profit}{CP}\times 100 \\ \Rightarrow Profit\%=\frac{SP-CP}{CP}\times 100 \\ \Rightarrow 10=\frac{SP-450000}{450000}\times 100 \\ \Rightarrow 10=\frac{SP-450000}{4500} \\ \Rightarrow 4500\times 10=SP-450000 \\ \Rightarrow 45000=SP-450000 \\ \Rightarrow SP=45000+450000 \\ \Rightarrow SP=Rs495000 \end{gathered}$$

Regards