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A man bought an old type writer for Rs. ...

A man bought an old type writer for Rs. 1200 and spent Rs. 200 on its repair. He sold it for Rs. 1680. His profit per cent is:

A

`20%`

B

`10%`

C

`8%`

D

`16%`

Text Solution

AI Generated Solution

The correct Answer is:
To find the profit percentage from the given problem, we can follow these steps: ### Step-by-Step Solution: 1. **Calculate the Total Cost Price (CP)**: - The man bought the typewriter for Rs. 1200. - He spent an additional Rs. 200 on repairs. - Therefore, the total cost price (CP) is: \[ CP = 1200 + 200 = 1400 \text{ Rs.} \] 2. **Identify the Selling Price (SP)**: - The selling price of the typewriter is given as Rs. 1680. 3. **Calculate the Profit**: - Profit can be calculated using the formula: \[ \text{Profit} = SP - CP \] - Substituting the values: \[ \text{Profit} = 1680 - 1400 = 280 \text{ Rs.} \] 4. **Calculate the Profit Percentage**: - The profit percentage can be calculated using the formula: \[ \text{Profit Percentage} = \left(\frac{\text{Profit}}{CP}\right) \times 100 \] - Substituting the values: \[ \text{Profit Percentage} = \left(\frac{280}{1400}\right) \times 100 \] - Simplifying this: \[ \text{Profit Percentage} = 0.2 \times 100 = 20\% \] ### Final Answer: The profit percentage is **20%**.
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