If a car is sold for Rs..50000 the profit is 17 percent, what would be profit percentage if sold for Rs. 47000?
Answer: 9.98%
Explanation
Profit = 17 %
Sp of car = Rs 50000
Cp = sp/1 + .profit percentage
Cp = 50000/1+.17
Cp= 50000/1.17= Rs 42735.04
Now he wants to sell at Rs 47000
New sp = Rs 47000
Profit sp-cp = 47000-42735.04 = Rs 4264.96
Profit % = profitx100/cp
Profit % = 4264.96×100/42735.04 = 9.98 %
New profit % = 9.98
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