Multiple Choice Questions on A man bought a second hand machine for Rs 1200 and spent Rs 200 on its repairs He sold it for Rs 168........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A man bought a second hand machine for Rs 1200 and spent Rs 200 on its repairs He sold it for Rs 168...........

Quantitative Aptitude ( CCS) Profit and loss
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    A man bought a second hand machine for Rs. 1200 and spent Rs. 200 on its repairs. He sold it for Rs. 1680. His profit per cent is

    20%

    Correct Answer

    10%

    Incorrect Answer

    8%

    Incorrect Answer

    16%

    Incorrect Answer
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    Explanation:

    total cost of typewriter = Rs. (1200+200) = Rs.1400.
    S.P= Rs.1680
    Profit = Rs.(1680-1400) = Rs.280
    Hence profit % = \frac{280}{1400}\times 100= 20%

    Hence, option 1 is the correct answer.

    By: Amit Kumar
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