If a car is sold for Rs..50000 the profit is 17 percent, what would be profit percentage if sold for Rs. 47000?

9.98%

14.85%

16.85%

None

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