Question

Mark buys some electronic goods from a wholesaler for Rs. 1500 and spends Rs. 100 on its transportation's, etc. If he sells these electronic goods for Rs. 1900; find the profit or loss made by him and express it as percent.

• A. 12.45%
• B. 13.95%
• C. 18.75%
• D. 20.25%

Answer 1

The correct option is C 18.75%

The total cost price of electronic goods for Mark = Rs. 1500 + Rs. 100 = Rs. 1600
Given, selling price = Rs. 1900; [which is more than total C.P.]
Therefore, profit = Rs. 1900 - Rs. 1600 = Rs. 300
Also, profit% = $\frac{profit}{totalCP}\times 100$%
= $\frac{300}{1600}\times 100=18.75$%