Rupert purchased a second-hand TV for ₹4,600 spends money on its repair, and then sells it for ₹5,406, thereby earning a profit of 6%. How much did Rupert spend on the repair?

Correct option is A

Given:

Purchasing Price of TV = Rs. 4,600

S.P of TV = Rs. 5,406

Profit percentage = 6%

Formula used:

Profit =  (SP) -  (CP)

Profit% = (Profit/CP) × 100

Final CP = Purchasing Price + Repair Cost

Solution:

=> Profit = (Profit% × CP) / 100

=> 5,406 - CP = (6 × CP) / 100

=> 540,600 = 6 × CP + 100 × CP

=> 540,600 = 106 × CP

=> CP = 540,600 / 106

=> CP = 5,100

=> CP = Purchasing price + Repair Cost

=> 5,100 = 4,600 + Repair Cost

=> Repair Cost = 5,100 - 4,600

=> Repair Cost = Rs. 500

Hence, option (a) is correct answer.

Rupert has spent Rs. 500 on the repairing of TV.