An old HP Deskjet printer was bought for ₹4,800, and ₹500 was spent on its repair. If it was sold for ₹6,360, then its profit percentage is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 0.2.
Total cost = 4800 + 500 = 5300
Selling price = 6360
Profit = 6360 - 5300 = 1060
Profit percentage = (1060/5300) = 0.2