Question

John bought a car for ₹2,00,000 and spent ₹5,000 on its transpotation. He sold that car for ₹3,50,000. How much profit did he gain on selling car?

• A.
  ₹1,00,000
• B.
  ₹2,45,000
• C.
  ₹1,45,000
• D.
  ₹1,50,000

Answer 1

The correct option is C

₹1,45,000
Money spent on buying a car = ₹2,00,000
Money spent on trasportation for car = ₹5,000
Total money spent for car = ₹2,00,000 + 5,000 = ₹2,05,000
The car is sold for = ₹3,50,000
Profit earned by him = ₹3,50,000 - ₹2,05,000= ₹1,45,000