Question

A mobile repairer bought an old mobile at Rs.1575. After repairing at Rs.225, he sold it at Rs.2160. Then find profit or loss and its percentage.

Answer 1

Answer:

Profit = Rs. 360

% of profit = 20%

Step-by-step explanation:

Buying cost of mobile = Rs. 1575

Repairing coast = Rs. 225

So,Total buying cost = 1575+225=Rs. 1800

Selling cost of the mobile = Rs. 2160

So, profit = selling value - buying value

= 2160 - 1800

=Rs. 360

Now the percentage of profit = (profit/buying cost)×100

=(360/1800)×100

=20%