Mr Tarak purchased two horses for Rs. 7,50,000. He sold one horse for Rs. 4,00,000 and the other for Rs. 5,00,000. Find his profit and the profit percent- age on selling both the horses.

Answer

`Rs. 1,50,000, 20%`

Explanation

CP= Rs. 7,50,000
Total selling price = 4 lakhs + 5 lakhs
=Rs. 9 lakhs
Profit`=SP-CP`
`=Rs.(9,00,000-7,50,000)=Rs. 1,50,000`
`"Profit"%=("Profit")/(CP)xx100%`
`=(1,50,000)/(7,50,000)xx100%=(15)/(75)xx100%=20%`