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

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Solution

The correct option is D
8%

Profit is determined by the difference between the net expenses spent and the net revenue generated.
Net expenses = Cost price + Transportation costs = Rs. 50,000 + Rs. 5,000 = Rs. 55,000
Net revenue generated = Selling price = Rs. 59,400
Profit = Rs. 59400 - Rs. 55000 = Rs. 4400
$Profit % = \frac{P r o f i t}{N e t e x p e n s e s} \times 100$
$= \frac{4400}{55000} \times 100 = 8 %$ .

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