Question
What is the percentage profit earned by selling a car
for Rs. 5,40,000? I.The amount of profit earned by selling the car is Rs. 2,70,000. II. The SP of the car is twice the CP.Solution
From I, CP = 5,40,000 – 2,70,000 = Rs. 2,70,000 Profit % = 270000/270000 × 100 = 100% Hence from I we can find the percentage profit. From II, SP = 2 × CP If CP be x then SP will be 2x. Profit = 2x – x = x Profit % = x/x × 100 = 100% So 100% profit will be earned. Hence from II we can find the percentage profit.
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