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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%


Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

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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