Question

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

Answer 1

Total cost price
= Cost price + Transportation cost
= ₹50,000 + ₹5,000
= ₹55,000
Selling price = ₹59,400
Profit = 59400 - 55000 = ₹4400
$\text{Profit}\%=\frac{\text{Profit}}{CP}\times 100$
$=\frac{4400}{55000}\times 100=8\%$.