Ramesh bought an old type writer for ₹4,800 and spent ₹700 on its repair. He sold it for ₹6,200. Find his profit percentage (corrected to two places of decimals).

Correct option is C

Given:

Cost price of the typewriter = ₹4800

Repair cost = ₹700

Selling price = ₹6200

Formula Used:

Profit Percentage =$$\frac{\text{Profit}}{\text{Total Cost Price}} \times 10$$​0

Solution:
Total cost price = Cost price of the typewriter + Repair cost
= ₹4800 + ₹700 = ₹5500

Profit = Selling Price - Total Cost Price
= ₹6200 - ₹5500 = ₹700

Profit percentage $$= \frac{700}{5500} \times 100$$​​
= 12.73%

Thus, Ramesh's profit percentage is 12.73%.