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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%


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 27th Jan, 2024

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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