Sohan buys an old car for Rs. 2,47,000 and spends Rs. 18,000 on its repairs. If he sells the car for Rs. 2,78,250, his profit percentage is:
- A4%
- B6%
- C5%
- D3%
Solution & Step-by-step Explanation
Total Cost Price (CP) of the car including repair costs:
CP=2,47,000+18,000=Rs. 2,65,000
Selling Price (SP) of the car = Rs. 2,78,250
Profit=SP−CP=2,78,250−2,65,000=Rs. 13,250
Profit Percentage=(
CP
Profit
)×100
Profit Percentage=(
2,65,000
13,250
)×100=
265
1325
=5%
CP=2,47,000+18,000=Rs. 2,65,000
Selling Price (SP) of the car = Rs. 2,78,250
Profit=SP−CP=2,78,250−2,65,000=Rs. 13,250
Profit Percentage=(
CP
Profit
)×100
Profit Percentage=(
2,65,000
13,250
)×100=
265
1325
=5%