Study the given table and answer the question that follows.
The table shows the total number of batteries sold by a company (in lakhs) over the years.
Sohan buys an old car for ₹2,47,000 and spends ₹18,000 on its repairs. If he sells the car for ₹2,78,250, his profit percentage is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 5%.
Total CP = 247000 + 18000 = 265000
Profit = 278250 - 265000 = 13250
Profit percentage = (13250/265000) × 100 = 5%