Question
Suresh bought an old scooter at Rs. 12000 and he spent
Rs. 3000 on its maintenance. He increased the price of scooter by 50% at the time of selling but he gives 20% discount when he sold. What is the profit percentage?Solution
Total cost price of the scooter = 12000 + 3000 = Rs. 15000 Selling price of scooter = 15000 × 1.5 × 0.8 = Rs. 18000 Profit percentage = [(18000 – 15000)/15000] × 100 = 20%
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