Find the profit percentage if a man sells a car for Rs. 3,50,000 which he bought for Rs. 2 lakh 40
thousand.
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Find the profit percentage if a man sells a car for Rs. 3,50,000 which he bought for Rs. 2 lakh 40
thousand.
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CP=2,40,000
SP=3,50,000
As SP>CP, it is profit.
Profit=SP-CP=350000-240000=1,10,000 Rs.
Profit %=profit/CP×100=110000/240000×100=45.83% profit
Answer:
45.83 %
Step-by-step explanation:
S.P of the car = Rs.3,50,000
C.P of the car = Rs.2,40,000
profit = SP-CP
= Rs.3,50,000 - Rs.2,40,000
= Rs.1,10,000
=> profit % = (profit/c.p) * 100
= (110000/240000)*100
= (11/24)*100
= (11/6)*25
= 275/6
= 45.83 %