Question

Suninder bought a second hand car for $Rs.125000$ and then spent $Rs.15000$ on its repairs and painting. He sold it for $Rs.161000$. What is the profit per cent?

Answer 1

Price of second hand car bought by Suninder $=$Rs. $1,25,000$

Money spent on car $=$Rs. $15,000$

Cost price of car $=$Rs. $(1,25,000+15,000)$

$=$Rs. $1,40,000$

Selling price of car $=$Rs. $1,61,000$

Profit $\%=\left(\frac{\text{selling price - cost price}}{\text{cost price}}\right)\times 100$

$=\frac{1,61,000-1,40,000}{1,40,000}\times 100$

$=\frac{21,000}{1,40,000}\times 100$

$=\frac{210}{14}=$ $\frac{30}{2}=$ $15$

$\therefore$ Profit $\%=15\%$.