Question : A man bought an old printer for Rs. 2200 and spent Rs. 800 on its repair. He sold it for Rs. 3600. Find his profit percentage.
Option 1: 30%
Option 2: 20%
Option 3: 15%
Option 4: 25%
Correct Answer: 20%
Solution :
Given: A man bought an old printer for Rs. 2200 and spent Rs. 800 on its repair. He sold it for Rs. 3600.
The total cost of the printer (CP) = (2200 + 800) = Rs. 3000
The selling price (SP) = Rs. 3600
Profit percentage = $\frac{SP-CP}{CP}×100$
= $\frac{3600-3000}{3000}×100$
= 20%
Hence, the correct answer is 20%.
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