Sohan buys a fridge for 2,500, spends 500 on repairs and sells it at 3,300. His profit percent is:
- 12%
- 8%
- 10%
- 32%
Show answer and solution
Correct answer: C. 10%
1. Cost price is 2,500 plus 500, which is 3,000.
2. Profit is 300 on 3,000.
3. That is 10 percent.
_Source: syllabus Mathematics, Chapter 8, Comparing Quantities._