A motorbike is sold for Rs. 60,000 and the profit was 18 %, what would be the percentage profit if the vehicle was sold for Rs. 55,000?
Answer: 8.1 %
Explanation
Profit = 8 %
Sp of car = Rs 60000
Cp = sp/1 + .profit percentage
Cp = 60000/1+ 8
Cp= 50000/9 = Rs 5555.56
Now he wants to sell at Rs 55, 000
New sp = Rs 55, 000
Profit sp-cp = 55, 000 - 5555.56 = Rs 49444.43
Profit % = profitx100/cp
Profit % = 49444.45×100/5555.56 = 889.0%
New profit % =8.1 %
ND5-07-2023
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