Akash bought an old phone for ₹3,450 and spent ₹450 on its repair. He sold it for ₹5,070. His profit percent is:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e 30%.
Total money spent on the phone = Rs.3450 + Rs. 450 = Rs. 3900
So, Cost price = Rs. 3900
He sold it for = Rs. 5070
Formula -
Profit % = (Selling price - Cost price)/Cost price × 100
Profit percentage = (5070 - 3900)/3900 × 100
⇒ 1170/3900 × 100
⇒ 0.3 × 100 = 30%