Question 59
A person purchased a vehicle for ₹4,90,828 and sold it for ₹5,52,920. What is the percent profit earned on this vehicle (correct to two decimal places)?
Solution
We know that :
Profit percent = $$\frac{S.P-C.P}{C.P}\times\ 100$$
Therefore substituting the values here we get
Profit percent =$$\frac{5,52,920-4,90,828}{4,90,828}\times\ 100$$
= $$\frac{62,092}{4,90,828}\times\ 100=\ 12.65\%$$
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