I bought a second-hand car for Rs. 50,000, it had transported for Rs. 5,000 and sold it for Rs. 59,400. What is my profit %?
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%=ProfitNet expenses×100
=440055000×100=8%.