Given:
Cost Price (C.P.) = Rs. 6,50,000
Selling Price (S.P.) = Rs. 7,80,000
Formula Used:
Percentage Profit = [(S.P. - C.P.) / C.P.] * 100
Solution:
Profit = 7,80,000 - 6,50,000 = Rs. 1,30,000
Percentage Profit = (1,30,000 / 6,50,000) * 100 = 20%
Hence, Richa made a 20% profit on the car.
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