Rohit bought a truck for 15,00,000. He replaced the engine for 3 65,000 and repainted it for 35,000. He, then, sold it at a price

Question

Rohit bought a truck for 15,00,000. He replaced the engine for 3 65,000 and repainted it for 35,000. He, then, sold it
at a price of 20,00,000. Find his profit%.

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Sarah 1 month 2021-08-11T12:24:31+00:00 1 Answer 0 views 0

Answers ( )

    0
    2021-08-11T12:25:31+00:00

    Answer:

    5.26%

    Step-by-step explanation:

    formula used :

    profit% = (profit×100)/cost price

    step 1: we need to find the profit

    profit= (selling price – cost price)

    given, selling price = 20,00,000

    cost price = (price at which rohit purchased truck +

    money he spent on the truck before selling)

    Cost price = 15,00,000 (truck bought at this price)

    + 3,65,000 ( engine replacement cost)

    + 35,000 ( repainting cost)

    ———————-

    Cost Price = 19,00,000

    Profit = Selling Price Cost Price

    = 20,00,000 – 19,00,000

    Profit =1,00,000

    Step2: we need to find profit %

    Profit% = (profit×100)/Cost price

    profit % = (1,00,000×100)/19,00,000

    =5.26% (answer)

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