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A pre-owned car show-room owner bought a second hand car for ₹ 1,50,000. He spent ₹20,000 on repairs and painting, then sold it for ₹ 2,00,000. Find whether he gets profit or loss. If so, what percent? |
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Answer» After repair, the C.P of a car = 1,50,000 + 20,000 = 1,70,000 S.P. of a ear = ₹ 2,00,000 ∴ S.P. > C.P. ∴ Profit = S.P.-C.P. = 2,00,000-1,70,000= 30,000 Profit = Profit / C.P. × 100 = \(\frac{30000}{170000} \) × 100 = Profit = \(\frac{300}{17} \) Profit% = 17.64% |
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