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

$1 %$

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$0 %$

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$3 %$

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$8 %$

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Solution

The correct option is D
$8 %$

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

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