Q. A person buys a defective item at ₹900, repairs it for ₹100 and sells the item at ₹1,800. His profit percentage is
(ADRE 2024)
(A) 100%
(B) 80%
(C) 90%
(D) 180%
Answer:- (B) 80%
Solution:-
Total cost price (including repair cost) = 900 + 100 = 1000
Selling price = 1800
Profit = Selling price – Cost price = 1800 – 1000 = 800
Profit percentage = (Profit / Cost price) × 100 = (800 / 1000) × 100 = 80%
Therefore, the profit percentage is 80%.
So, the answer is (B) 80%.