SOLUTION: if a person sell his car in 50000 rupees and got 17% profit.what will be the profit in percentage if he he sold this car in 47000 rupees . kindly solve this?

Algebra ->  Numeric Fractions Calculators, Lesson and Practice -> SOLUTION: if a person sell his car in 50000 rupees and got 17% profit.what will be the profit in percentage if he he sold this car in 47000 rupees . kindly solve this?       Log On


   

Question 853279: if a person sell his car in 50000 rupees and got 17% profit.what will be the profit in percentage if he he sold this car in 47000 rupees
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kindly solve this?
Answer by dkppathak(439) About Me  (Show Source):
You can put this solution on YOUR website!
if a person sell his car in 50000 rupees and got 17% profit.what will be the profit in percentage if he 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%=4264.96x100/42735.04=9.98 %
new profit %=9.98