Question

3.Salem bought a car for AED 60000 and spent AED5000 on its accessories .Later he sold the car for AED 70000. Find his profit % or loss%

Answer 1

7.69%

Explanation:

Explanation of the answer is given below:

Car bought for AED 60,000

Accessories for AED 5,000

Total AED 65,000

Car sold for AED 70,000

AED 65,000 - AED 70,000 = AED 5,000

AED 5,000 / 65,000 * 100

= 7.69% Profit

The correct answer is that Salem made a profit of 7.69% on his car.