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Madhya Pradesh Police Exam Model Paper 5
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© examsnet.com
Question : 59
Total: 100
Prem purchased an old printer for Rs. 3,200 and spent Rs. 600 on its repair. He sold it for Rs. 4,280. His profit per cent is closest to: (correct upto two decimal places)
16.92%
18.45%
15.78%
12.63%
Validate
Solution:
Given
:
CP = Rs. 3200
Spent on repair = Rs. 600
SP = Rs. 4280
Where CP = Cost price, SP = Selling price
Formula used
:
Profit%
=
S
P
−
C
P
C
P
×
100
Calculation
:
New CP
=
R
s
.
(
3200
+
600
)
=
R
s
.
3800
Profit%
=
4280
−
3800
3800
×
100
⇒
480
/
38
×
100
⇒ 12.63%
∴ profit percentage is 12.63%
© examsnet.com
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