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A Shopkeeper buys a fan for Rs. 1200 and spends another Rs. 16 for transportation. If he sells the fan for Rs. 1300. What is the profit percentage?
1. 8.90%
2. 6.90%
3. 6%
4. 7.90%

1 Answer

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Best answer
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%

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