Profit and Loss - Arithmetic Aptitude Questions and Answers

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Ramu bought an old car for Rs. 42000. He spent Rs. 13000 on repairs and sold it for Rs. 64900. What is his profit percent?

14%

16%

18%

22%

None of these

Answer : Option C

Explanation :

Total CP = Rs. 42000 + Rs. 13000 = Rs. 55000 and SP = Rs. 64900

Profit(%) = (64900 - 55000)/55000 * 100 = 18%

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