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A car dealer buys a used car for ₹3,50,000 and spends 4% of this amount on repairs. He sells the car for ₹4,00,400. What is his profit per cent?

Class 8Profit and LossComparing Quantities
  • A10%
  • B9%
  • C14.4%
  • D12%

Step-by-Step Solution

Repairs = 4% of 3,50,000 = ₹14,000, so CP = ₹3,64,000. Profit = 4,00,400 − 3,64,000 = ₹36,400. Profit % %.
Answer: A) 10%

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