Madhya Pradesh Police Exam Model Paper 5

Question : 59 of 100

Marks: +1, -0

Prem purchased an old printer for Rs. 3,200 and spent Rs. 600 on its repair. He sold it for Rs. 4,280. His profit per cent is closest to: (correct upto two decimal places)

16.92%
18.45%
15.78%
12.63%

Validate

Solution:

Given:
CP = Rs. 3200
Spent on repair = Rs. 600
SP = Rs. 4280
Where CP = Cost price, SP = Selling price
Formula used:
Profit%

={SP−CP}/{CP}×100

Calculation:
New CP

= Rs. (3200 + 600) = Rs. 3800

Profit%

={4280−3800}/3800×100

⇒ 480{/}38 × 100

⇒ 12.63%
∴ profit percentage is 12.63%

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