I bought an old motor cycle for $R S 12, 500$ and spend $R S 3, 000$ on its repairs. Then, I sold it for $R S 18, 000$ . How much profit did I make?

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Solution

Given that,
Total cost price of an old motor cycle is

$C . P . = 12500 + 3000$

$C . P . = 15500 r s .$

Selling price of an old motor cycle is

$S . P . = 18000 r s .$

We know that,

$Profit = S . P . - C . P .$

$Profit = 18000 - 15500$

$Profit = 2500 r s .$

Therefore,

$p r o f i t % = \frac{p r o f i t}{C . P .} \times 100$

$p r o f i t % = \frac{2500}{15500} \times 100$

$p r o f i t % = \frac{2500}{155} = 16.12 %$

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I bought an old motor cycle for RS12,500 and spend RS3,000 on its repairs. Then, I sold it for RS18,000. How much profit did I make?

Given that,Total cost price of an old motor cycle is C.P.=12500+3000 C.P.=15500rs. Selling price of an old motor cycle is S.P.=18000rs. We know that, Profit=S.P.−C.P. Profit=18000−15500 Profit=2500rs. Therefore, profit%=profitC.P.×100 profit%=250015500×100 profit%=2500155=16.12%

I bought an old motor cycle for $R S 12, 500$ and spend $R S 3, 000$ on its repairs. Then, I sold it for $R S 18, 000$ . How much profit did I make?