Question 66

A person purchased a vehicle for ₹4,89,828 and sold it for ₹5,89,828. What is the profit percent he earned on this vehicle (correct to two decimal places)?

Solution

$$profit=\frac{S.P-C.P}{C.P}\times\ 100$$

=$$\frac{\left(589828-489828\right)}{489828}\times\ 100$$

$$\frac{10000}{489828}\times\ 100$$

=20.42%

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