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Question 58
A person purchased a vehicle for ₹5,90,828 and sold it for ₹6,52,920. What is the profit percent he earned on this vehicle (correct to two decimal places) ?
Solution
Profit percent = $$\frac{S.P-C.P}{C.P}\times\ 100$$
Here CP =₹5,90,828
S.P =₹6,52,920.
Substituting and calculating the profit percent
we get profit percent = $$\frac{6,52,920-5,90,828}{5,90,828}\times\ 100$$
=$$\frac{62,092}{5,90,828}\times\ 100$$
=10.51%
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