Question
Download Solution PDFSonam bought an old motor bike for Rs. 4675 and spent Rs. 225 on its repair. Then she sold it in Rs. 5390. What is her profit percent?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost price (CP) of the motorbike = Rs. 4675
Expenses on repair = Rs. 225
Selling price (SP) of the motorbike = Rs. 5390
Formula:
Profit percent = [(SP - CP - Repair expenses) / Total CP] × 100
Calculation:
Profit percent = [(5390 - 4675 - 225) / (4675 + 225)] × 100
Profit percent = [(5390 - 4900) / 4900] × 100
Profit percent = (490 / 4900) × 100
Profit percent = 10%
Sonam's profit percent on the motorbike is 10%.
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