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Ramu bought an old car for Rs. 42000. He spent Rs. 13000 on repairs and sold it for Rs. 64900. What is his profit percent?
- A14%
- B16%
- C18%
- D20%
Correct answer: C
Discussion 1
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CCommunity
18%
Total CP = Rs. 42000 + Rs. 13000 = Rs. 55000 and SP = Rs. 64900
Profit(%) = (64900 - 55000)/55000 * 100 = 18%
Total CP = Rs. 42000 + Rs. 13000 = Rs. 55000 and SP = Rs. 64900
Profit(%) = (64900 - 55000)/55000 * 100 = 18%