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%
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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