Sohan buys a fridge for 2,500, spends 500 on repairs and sells it at 3…

Question

Sohan buys a fridge for 2,500, spends 500 on repairs and sells it at 3,300. His profit percent is:

Accepted 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._

Answer

12%

Answer

8%

Answer

32%

Sohan buys a fridge for 2,500, spends 500 on repairs and sells it at 3,300. His profit percent is:

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