Question
Ramesh bought an old laptop at Rs. 22000 and he spent
Rs. 3000 on its repair. He increased the price of laptop by 40% at the time of selling but he gives 10% discount when he sold. What is the profit percentage?Solution
Total cost price of the laptop = 22000 + 3000 = Rs. 25000 Selling price of laptop = 25000 × 1.4 × 0.9 = Rs. 31500 Profit percentage = [(31500 – 25000)/25000] × 100 = 26%
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