A shopkeeper purchased an article for ₹7,200 and spent 9% of its cost on repairs. He
sold it to Rajan for ₹8,100. What was the profit percentage on selling the article?
(Rounded off to 2 decimal places)
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 3.21%.
Cost price = ₹7200
Repair cost = 9% of 7200 = 648
Total cost = 7200 + 648 = 7848
Selling price = ₹8100
Profit = 8100 - 7848 = 252
Profit% = × 100 = 3.21%