Question
Download Solution PDFAn old HP Deskjet printer was bought for ₹4,800 and ₹500 was spent on its repair. If it was sold for ₹6,360, then its profit percentage is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost Price (CP) = ₹4,800
Repair Cost = ₹500
Selling Price (SP) = ₹6,360
Formula used:
Profit Percentage = \(\dfrac{Profit}{Cost Price} \times 100\)
Calculation:
Total Cost Price (CP) = ₹4,800 + ₹500 = ₹5,300
Profit = SP - CP
⇒ Profit = ₹6,360 - ₹5,300 = ₹1,060
Profit Percentage = \(\dfrac{1,060}{5,300} \times 100\)
⇒ Profit Percentage = \(\dfrac{1,060}{5,300} \times 100\)
⇒ Profit Percentage = 0.2 × 100 = 20% or 20/100 = 0.2
∴ The correct answer is option (2).
Last updated on Jul 15, 2025
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