Question : Akash bought an old phone for INR 3,450 and spent INR 450 on its repair. He sold it for INR 5,070. His profit percentage is:
Option 1: 40%
Option 2: 20%
Option 3: 10%
Option 4: 30%
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Correct Answer: 30%
Solution :
Total amount he paid = INR 3,450 + INR 450 = INR 3,900
He sold it for INR 5,070.
$\therefore$ Profit Percentage = $\frac{5070 - 3900}{3900}\times 100 = 30$%
Hence, the correct answer is 30%.
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