Giri bought an old machine for Rs2 000 and spent Rs500 on its repair He sold it for Rs4 000 His prof...........

Quantitative Aptitude (CHSL) Profit and loss

Giri bought an old machine for Rs2,000 and spent Rs500 on its repair. He sold it for Rs4,000. His profit percentage is:

This questions was previously asked in

SSC CHSL 1st June 2022 Shift-3

30%

60%

40%

20%

- Giri bought the machine for Rs2,000.

- He spent an additional Rs500 on repairs.

- This brings the total cost to Rs2,500 (Rs2,000 + Rs500).

- He sold the machine for Rs4,000.

- To calculate the profit: Selling Price - Cost Price = Rs4,000 - Rs2,500 = Rs1,500.

- Profit percentage = (Profit/Cost Price) * 100 = (Rs1,500/Rs2,500) * 100.

- This equals 60%.

- Let's evaluate the options:

1. Option 1: 30% - This is incorrect.

2. Option 2: 60% - This is correct.

3. Option 3: 40% - This is incorrect.

4. Option 4: 20% - This is incorrect.

- Option 2 is the correct answer.

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