Question

I bought a second-hand car for ₹50,000, had it transported for ₹5,000 and sold it for ₹59,400. What is my profit %?

• A. 1%
• B. 0%
• C. 3%
• D. 8%

Answer 1

The correct option is D

8%

Profit is the difference between the selling price and total cost price
Total cost price = Cost price + Transportation costs = ₹50,000 + ₹5,000 = ₹55,000
Selling price = ₹59,400
Profit = ₹59400 - ₹55000 = ₹4400
$\text{Profit}\%=\frac{\text{Profit}}{\text{Net expenses}}\times 100$
$=\frac{4400}{55000}\times 100=8\%$.