Correct option is B
Given:
Cost price of Scooter = ₹ 4,700
Repair cost = ₹ 800
Selling price = ₹ 5,800
Formula Used:
Total Cost Price = Initial Cost + Overhead Expenses
Profit = Selling Price - Total Cost Price
Profit Percentage = × 100
Solution:
Calculate the total cost price of the scooter:
Total Cost Price = 4700 + 800 = 5500
Calculate the profit earned:
Profit = 5800 - 5500 = 300
Calculate the profit percentage:
Profit Percentage = × 100
Profit Percentage =
Profit Percentage =
Final Answer
So the correct answer is (b)