If a car is sold for Rs..50000 the profit is 17 percent, what would be profit percentage if sold for Rs. 47000 ?

A. 16.20%
B. 14.50%
C. 9.98%
D. 14.85%

If a person sells his car in 50000 rupees and got 17% profit. What will be the profit in percentage if he sold this car in 47000 rupees?

Solution
Profit = 17 %
Sp of car = Rs 50000
Cp = sp/1 + .profit percentage
Cp = 50000/1+.17
Cp= 50000/1.17= Rs 42735.04

Now he wants to sell at Rs 47000
New sp = Rs 47000
Profit sp-cp = 47000-42735.04 = Rs 4264.96
Profit % = profitx100/cp
Profit % = 4264.96×100/42735.04 = 9.98 %
New profit % = 9.98

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