Anirudh bought an old mobile for ₹18,000 and spent 5% of the cost price on its repairing and then sold it for ₹21,735. Find the profit percentage earned by Anirudh.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e 15%.
Cost price of mobile = ₹18,000
Repair cost = 5% of 18,000 = ₹900
Total cost = 18,000 + 900 = ₹18,900
Selling price = ₹21,735
Profit = 21,735 − 18,900 = ₹2,835
Profit percentage = (2835 ÷ 18,900) × 100 = 15%