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    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.
    A 26% Correct Answer Incorrect Answer
    B 14% Correct Answer Incorrect Answer
    C 18% Correct Answer Incorrect Answer
    D 32% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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