Question

48. Amit bought a table for * 1.200 and spent 200 on its repair. He sold it for * 1.680. His profit or lose percent is (A) 12% profit B) 16% profit 162 (C) 20% loss D) 20% profit ​

Answer 1

Answer:

D)20% profit

Step-by-step explanation:

The cost price of the table for Amit is the sum of the price he paid to purchase it and the cost of repairs:

Cost price = 1,200 + 200 = 1,400

The selling price of the table is 1,680.

Profit or loss percent is given by the formula:

Profit or loss percent = (Profit or loss / Cost price) x 100

where profit or loss is calculated as:

Profit or loss = Selling price - Cost price

Substituting the values we get:

Profit or loss = 1,680 - 1,400 = 280

Profit or loss percent = (280 / 1,400) x 100

Profit or loss percent = 20%

Therefore, the answer is (D) 20% profit