Geeta bought a bag for ₹1,000 and spent ₹300 on fixing the defects in the bag. Later, she sold it for ₹1,508. What is the percentage of profit that Geeta earned through the sale?

16%

Cost price of the bag = 1000

Spent = 300

Selling price = 1508

Total cost price = 1000 + 300 = 1300

Profit = 1508 - 1300 = 208

Profit% = 208 × \(\frac{100}{1300}\) = 16%