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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?
Solution
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%
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