Profit & Loss Mcqs

Q.  Raheem bought an old car for Rs. 42000. He spent Rs. 13000 on repairs and sold it for Rs. 64900. What is his profit percent?

a. 14%
b. 16%
c. 18%
d. 22%
e. None of these


ANSWER: See Answer
 
Total CP = Rs. 42000 + Rs. 13000 = Rs. 55000 and SP = Rs. 64900

Profit(%) = (64900 – 55000)/55000 * 100 = 18%
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