I bought a second-hand car for ₹50,000, had it transported for ₹5,

Question

I bought a second-hand car for ₹50,000, had it transported for ₹5,000 and sold it for ₹59,400. What is my profit %?

Options:

A . 1%

B . 0%

C . 3%

D . 8%

Answer: Option D
:
D
Profit is the difference between the selling price and total cost price
Total cost price = Cost price + Transportation costs = ₹50,000 + ₹5,000 = ₹55,000
Selling price = ₹59,400
Profit = ₹59400 - ₹55000 = ₹4400

Profit % = \frac{Profit}{Net expenses} \times 100

= \frac{4400}{55000} \times 100 = 8 %

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