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An old T.V set was bought for Rs.1500. Some repairs we did for Rs.375. Then it was sold for Rs. 2500. Find the profit or loss percentage.

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32 \frac{1}{3} %

33 \frac{1}{3} %

34 \frac{1}{3} %

35 \frac{1}{3} %

answer is B.

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Detailed Solution

Given,
Cost price = Rs. 1500
Cost of Repair =Rs. 375
So, total Cost price
= 1500 + 375
=1875
Now, the Selling price = 2500
As we can clearly see that the selling price is more than cost price
Here,
Profit %

= \frac{Profit}{CP} \times 100

Profit %

= \frac{2800 - 1875}{1875} \times 100

Profit %

= \frac{625}{1575} \times 100

Profit %

= \frac{100}{3}

Profit %

= 33 \frac{1}{3} %

Hence, option 2 is correct.

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An old T.V set was bought for Rs.1500. Some repairs we did for Rs.375. Then it was sold for Rs. 2500. Find the profit or loss percentage.

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