Practicing Success
Giri bought an old machine for ₹2,000 and spent ₹500 on its repair. He sold it for ₹4,000. His profit percentage is: |
30% 60% 40% 20% |
60% |
Total CP = buying price + spending money = 2000 + 500 = 2500 Selling Price = 4000 Profit = \(\frac{(4000 - 2500)}{2500}\) × 100 = 60% |