Question

A man bought an old type writer rs. 1200/- and spends rs. 200/- on its repair. he sold it for rs. 1680/- .what is his profit percentage?

Answer 1

Hey!

Cost price of typewriter=1200Rs.
Repair= 200Rs.
Total cost price=1200+200=1400Rs.

Selling price= 1680Rs.

Selling price>Cost price so there is a profit.

Profit= SP-CP.
= 1680-1400.
=280Rs.

Profit%=(profit/CP)*100.
=(280/1400)*100.
=(1/5)*100.
= 20%.
So the profit percentage is 20%.
Hope it helps.