Question

Mr. Virmani purchased a laptop for ₹ 7,000 and spent ₹ 1,000 on its repairs. If he sold it for ₹ 10,000 then what is his profit percentage?

• A. 25%
• B. 20%
• C. 15%
• D. 30%

Answer 1

The correct option is A 25%

Amount paid by Mr. Virmani to purchase the laptop = ₹ 7,000
Amount spent on repair = ₹ 1,000
Total amount spent on the laptop (C.P)
= ₹ (7,000 + 1,000)
= ₹ 8,000
The laptop is sold at (S.P) = ₹ 10,000
As, S.P > C.P so there will be profit.
Profit = S.P - C.P = ₹ (10,000 - 8,000) = ₹ 2,000

$ProfitPercent=\frac{Profit}{C.P}\times 100$

$\Rightarrow \frac{2,000}{8,000}\times 100$ $=ProfitPercent$

$\Rightarrow$ % Profit = 25%
Hence, the profit percentage is 25%.