Find the profit or loss percent when an old car, bought for ₹ 25,000, is sold for ₹ 28,000

The correct answer is 12%

C. P. of car ₹ 25,000
S. P. of car ₹ 28,000
∴ Profit = 28,000 - 25,000 = 3,000
∴ Profit% = Profit * 100% /C.P. = 3,000 * 100%/25,000 = 12%