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      Question

      β€˜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 Γ— 100 = 26%

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