By selling a car for ₹6,32,500, a showroom owner makes a profit of 15%. If he sold the car at ₹8,10,000, then what would be the profit percentage (correct to one decimal place)?
Answer & explanation
Correct answer: option 1
Selling price of the car = 6,32,500
Profit % = 15%
Cost price = 6,32,500 × \(\frac{100}{115}\) = 550000
If he sold the car = 8,10,000
Then profit = 8,10,000 - 550000 = 260000
Profit% = 260000 × \(\frac{100}{550000 }\) = 47.3%