A man bought an old printer for Rs 2200 and spent Rs 800 on its repair. He sold it for Rs 3600. Find his profit percentage.
Answer & explanation
Correct answer: option 2
Total money spent on the old printer = buying price + repair
= Rs (2200 + 800) = Rs 3000
Selling price = Rs 3600
Profit = Rs 600
Profit % = $\frac{600}{3000}$ x 100 = 20%