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A Shopkeeper buys a fan for Rs. 1200 and spends another Rs. 16 for transportation. If he sells the fan for Rs. 1300. What is the profit percentage?1. 8.90%2. 6.90%3. 6%4. 7.90% |
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Answer» Correct Answer - Option 2 : 6.90% Given: C.P of fan = Rs. 1200 Expenditure on transportation = Rs. 16 S.P of fan = Rs. 1300 Formula used: Profit% = (Profit/C.P) × 100 Calculation: Total cost = Rs. (1200 + 16) ⇒ Rs. 1216 Profit = Rs. (1300 – 1216) ⇒ Rs. 84 Profit% = (84/1216) × 100 ⇒ 6.90% ∴ The profit percentage is 6.90% |
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