Question

Sangeeta buys an automatic machine at the price of Rs. 49500. After sometime, she spends Rs. 1500 on its repair and sells it at the price of Rs. 62250. Find the profit/loss percent of Sangeeta. 
1. 25%
2. 22%
3. 18%
4. 35%
5. 27%

Answer 1

Correct Answer - Option 2 : 22%

Formula Used:

Profit% = (SP - CP)/CP × 100

Loss% = (CP - SP)/CP × 100

Calculations:

Cost price of machine = Rs. 49500

Money spent on repair = Rs. 1500

⇒ Total cost price of machine = Rs. (49500 + 1500)

⇒ Total cost price of machine = Rs. 51000

Selling price of machine = Rs. 62250

Profit% = (62250 - 51000)/51000 × 100

⇒ Profit% = 22%

∴ The profit percent of Sangeeta is 22%.

The cost of repair must be added in cost price of machine to get original cost price.