Question

A person buys a radio for rs1030 and he spent rs50 on its repairs. If he sold it for rs1200, find the profit percent.

Answer 1

Your answer is here.

Radio price is 1030 rupees

Repairs spent is 50 rupees


Total cost price is 1080

He sold it for 1200 rupees

Then profit % is

Sold price - cost price = profit

1200 - 1080 = 20

He gain 20 rupees on the radio.

Profit % is

20 ÷ 1080 × 100 = 1.85 %

Answere is 1.85 %.


I hope it's helpful for you. Thank you

Answer 2

The profit percentage = 11.11%  

Given:

A person buys a radio for Rs 1030

The amount he spent on its repairs = Rs 50

The selling price that he sold = Rs 1200

To find:

The profit percentage

Solution:

Given A person buys a radio for Rs 1030  

The amount he spent on repairs = Rs 50

The total amount he spent on Radio = 1030 + 50 = 1080 Rs

The cost price of Radio will be 1080 Rs

The selling price = Rs 1200

Here, Selling Price < Cost Price

He will gain after selling Radio

Profit = Selling Price - Cost price = 1200 - 1080 = 120

Profit percentage =  (profit/C.P)×100

= (120/1080) × 100 = 11.11%  

The profit percentage = 11.11%  

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