Question
What is the percentage profit earned by selling a car
for Rs. 5,40,000? I.The amount of profit earned by selling the car is Rs. 2,70,000. II. The SP of the car is twice the CP. Each of the questions given below has one question and two statements marked I and II. You have to decide whether the data provided in the statements are sufficient to answer the question. Read both the statements and give answer.Solution
From I, CP = 5,40,000 – 2,70,000 = Rs. 2,70,000 Profit % = 270000/270000 × 100 = 100% Hence from I we can find the percentage profit. From II, SP = 2 × CP If CP be x then SP will be 2x. Profit = 2x – x = x Profit % = x/x × 100 = 100% So 100% profit will be earned. Hence from II we can find the percentage profit.
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