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?

8.1 %

7.1 %

6.9 %

6.5 %

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