Question : Sonam bought an old motorbike for Rs. 4675 and spent Rs. 225 on its repair. Then she sold it for Rs. 5390. What is her profit percentage?
Option 1: 20%
Option 2: 15%
Option 3: 10%
Option 4: 8%
Correct Answer: 10%
Solution :
Given: Sonam bought an old motorbike for Rs. 4675
Spent on repairing = Rs. 225
Cost price = 4675 + 225 = 4900
Selling Price = Rs. 5390
Profit percentage
= $\frac{\text{Selling price – Cost price}}{\text{Cost price}}\times 100$
= $\frac{5390-4900}{4900}\times 100$
= $\frac{490}{4900}\times 100$
= $10\%$
Hence, the correct answer is 10%.
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