Correct Answer - Option 2 : 6.90%
Given:
C.P of fan = Rs. 1200
Expenditure on transportation = Rs. 16
S.P of fan = Rs. 1300
Formula used:
Profit% = (Profit/C.P) × 100
Calculation:
Total cost = Rs. (1200 + 16)
⇒ Rs. 1216
Profit = Rs. (1300 – 1216)
⇒ Rs. 84
Profit% = (84/1216) × 100
⇒ 6.90%
∴ The profit percentage is 6.90%