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Mohan buys an old mobile for Rs. 4000 and spends Rs. 500 on its repairs. If he sells the mobile for Rs. 5000, then what is his profit percentage?
Question

Mohan buys an old mobile for Rs. 4000 and spends Rs. 500 on its repairs. If he sells the mobile for Rs. 5000, then what is his profit percentage?

A.

11.11 percent

B.

13.5 percent

C.

12.5 percent

D.

9.09 percent

Correct option is A

Given:
Cost price = Rs. 4000
Repairs cost = Rs. 500
Selling price = Rs. 5000
Formula Used:
Profit percentage = (Profit / Total Cost Price) × 100
Solution:
Total Cost Price = Rs. 4000 + Rs. 500 = Rs. 4500
Profit = Selling Price - Total Cost Price = Rs. 5000 - Rs. 4500 = Rs. 500
Profit percentage = (500 / 4500) × 100 = 11.11%

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