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Question

The cost price of a car is Rs 5,00,000. The salesperson marks it 10% above the cost price. Then, the car is sold at a discount of 5%. Find the profit and profit percentage.

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Solution

Given:

C.P=Rs 5,00,000

Market price =CP+(CP×10100)

=500000+500000×10100

=Rs. 550000

Discount =5%

therefore, Discount =5% of C.P

=5100×5,50,000

=Rs 27,500

S.P = M.P Discount

S.P =Rs. 550000Rs 27,500

S.P =Rs. 522500

Clearely, S.P > C.P

Profit =Rs. 522500Rs. 500000

=Rs. 22,500

Profit percentage =ProfitC.P×100

=22500500000×100

=4.5

Hence, Profit percentage is 4.5%.


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