Geeta bought a bag for Rs1 000 and spent Rs3OO on fixing the defects in the bag Later she sold it fo...........

Quantitative Aptitude (MTS) Profit and loss

Geeta bought a bag for Rs1,000 and spent Rs3OO on fixing the defects in the bag. Later, she sold it for Rs1,508. What is the

percentage of profit that Geeta earned through the sale?

This questions was previously asked in

SSC MTS 26th July 2022 Shift-2

18%

14%

12%

16%

- Geeta initially bought the bag for Rs1,000 and spent an additional Rs300 to fix it.

- The total cost price for Geeta is Rs1,000 + Rs300 = Rs1,300.

- She sold the bag for Rs1,508.

- The profit made is Rs1,508 - Rs1,300 = Rs208.

- To find the percentage profit, use the formula: (Profit/Cost Price) * 100.

- Hence, (208/1,300) * 100 = 16% profit.

Correct Answer: Option 4 - 16%

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