A man bought an old typewriter for Rs.1200 and spent Rs. 200 on its repair. He sold it for Rs. 1680. His profit percent is :
A man bought an old typewriter for Rs.1200 and spent Rs. 200 on its repair. He sold it for Rs. 1680. His profit percent is :
[A]20%
[B]10%
[C]8%
[D]16%
20%
Total cost of typewriter = Rs. (1200+200) = Rs.1400.
S.P= Rs.1680
Profit = Rs.(1680-1400) = Rs.280
Hence profit % = $latex \frac{280}{1400}\times 100= 20$%
So option [A] is correct.
