Question
‘X’ purchased a phone at Rs. 8400. He invested Rs.
600 for its repair. If he sold the phone for Rs. 11340 then determined the profit % earned by him.Solution
ATQ,
Total effective cost price of phone = 8400 + 600 = Rs. 9000
Profit = 11340 – 9000 = Rs. 2340
Profit % = 2340/9000 × 100 = 26%
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