A man bought an old car for ₹15000. He spent ₹2500 on its repairs and then sold it for ₹19250. What is his percentage profit?
Show answer & explanation
Correct answer: A
Explanation
Total cost price = 15000 + 2500 = ₹17,500
Selling price = ₹19,250
Profits = 19,250 - 17,500 = ₹1,750
Profit percentage = 1,750/17,500 × 100 = 10%