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Question : Manny bought an AC for INR 12000 and paid INR 400 for transportation. Then he sold it for INR 14000. Find his profit percentage.

Option 1: 12.90%

Option 2: 13.1%

Option 3: 13%

Option 4: 12.80%


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: 12.90%


Solution : Manny bought an AC for INR 12000 and paid INR 400 for transportation.
His total expenditure = 12000 + 400 = 12400
He sold it for INR 14000.
Profit percentage = $\frac{14000-12400}{12400}×100=\frac{1600}{12400}×100=12.90$%
Hence, the correct answer is 12.90%.

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