Q12 of 48 Page 109

A pre-owned car show-room owner bought a second-hand car for Rs. 1,50,000. He spent Rs. 20,000 on repairs and painting, then sold it for Rs. 2,00,000. Find whether he gets profit or loss. If so, what percent?

Purchase price of a car = Rs. 1,50,000

Repairs and painting = Rs. 20,000


Selling price = Rs. 2,00,000


Total cost price = purchasing price + Repair charges


= Rs. 1,50,000 + Rs. 20,000


= Rs. 1,70,000


∴ cost price = Rs. 1,70,000


Here, selling price > cost price, so there is a profit.


Profit = selling price - cost price


= 2,00,000 - 1,70,000


= 30,000


∴Profit = Rs. 30,000


On cost price of Rs. 1,70,000 profit is 30,000


If cost price is Rs. 100,profit will be?





= 17.65%


∴Profit percent = 17.65%


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