Question

Achal bought a second-hand car for Rs 2,25,000 and spend Rs 25,000 for repairing. If he sold it for Rs 3,25,000, what is his profit per cent?

Answer 1

Given, the cost price of a second-hand car = Rs. 2,25,000

The amount Alchal spends for repairing = Rs. 25,000

We need to find out the profit percentage.

⇒ So, Actual cost of a car = 225000 + 25000 = 250000

⇒ The amount for which she sold the car = 325000

⇒ Now, We know that Profit = Cost Price – Selling Price

⇒ Profit = 325000 – 250000 = Rs. 75000

⇒ We know that profit percentage = `("Profit"/"Cost price") xx 100`

∴ Profit Percentage = `(75000/250000) xx 100 = (7500/250) = 30%`

Hence, the profit percentage is 30%