Manny bought an AC for ₹ 12000 and paid ₹ 400 for transportation. Then he sold it for ₹14000. Find his profit%.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 12.90%.
Given that
The cost price of an A.C = ₹ 12000
The transportation cost of A.C. = ₹ 400
The selling price of A.C. = ₹14000
Net cost price = 12000 + 400 = ₹12400
Profit = 14000 - 12400 = ₹1600
Formula used
Profit % = (Profit/Cost price) × 100
Hence,
Profit % = (1600/12400) × 100 = 12.90 %