Question

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

• A. 1%
• B. 0%
• C. 3%
• D. 8%

Answer 1

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
$\text{Profit}\%=\frac{Profit}{Netexpenses}\times 100$
$=\frac{4400}{55000}\times 100=8\%$.