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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%


Team Careers360 15th Jan, 2024
Answer (1)
Team Careers360 18th Jan, 2024

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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