Raheem bought an old car for Rs. 42000. He spent Rs. 13000 on repairs and sold it for Rs. 64900. What is his profit percentage?
Q1. Raheem bought an old car for Rs. 42000. He spent Rs. 13000 on repairs and sold it for Rs. 64900. What is his profit percentage?
Answer: 18%
Explanation: Total cost = 42000 + 13000 = Rs.55,000; profit = 64900 − 55000 = Rs.9,900; profit% = 9900/55000 × 100 = 18%.