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Rohan buys a car at Rs. 150000 and spends Rs. 50000 on repairing it. If he sold the car for Rs. 300000 then what will be his profit percentage?
1. 25%
2. 50%
3. 100%
4. 150%
5.

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Correct Answer - Option 2 : 50%

Given:

Rohan buys a car = Rs. 150000

Spends in repairing = Rs. 50000

Selling price = Rs. 300000

Formula Used:

Profit % = {(S.P - C.P)/C.P} × 100

Where,

S.P = Selling price

C.P = Cost price

Calculation:

According to the question, we have

The total cost price of the car = 150000 + 50000

⇒ 200000

Now,

Profit % = {(300000 - 200000)/(200000)} × 100

⇒ (100000/200000) × 100

⇒ 50%

∴ The profit percentage is 50%.

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