Prem purchased an old printer for ₹3,200 and spent ₹600 on its repair. He sold it for ₹4,280. His profit percent is closest to : (correct upto two decimal places)
Answer & explanation
Correct answer: option 2
The cost price of the printer = 3200
Repair cost = 600
Total cost price of the printer = 3200 + 600 = 3800
The selling price of the printer = 4280
Profit% = (4280 - 3800) × \(\frac{100}{3800}\) = 12.63%