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Bala sells a car at 5% profit for Rs.210000 If he sells it at Rs.218000 then ____ will be his profit percentage.

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Detailed Solution

Given that,
Profit = 5%
According to the question
105%×x=210000
Or,

\frac{105}{100} x = 210000

Or, x=200000Rs
Let new profit percentage be p
Then,

\frac{100 + p}{100} \times 200000 = 218000

Or, 100+p=

\frac{218}{2}

Or, 100+p=109
Or, p=109−100
Or, p = 9
Hence the profit percentage = 9%
Bala sells a car at 5% profit for Rs.210000 If he sells it at Rs.218000 then 9% will be his profit percentage.

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