Question

A person bought an item for Rs. 1350 and spent Rs.150 towards transportation of the item. Then he sold it for Rs.1800. The profit percentage is

• A. 25%
• B. 15%
• C. 20%
• D. 10%

Hint:

Always include all additional costs (like transportation, tax, etc.) in the cost price before calculating profit or loss.

Answer 1

The Correct Option is C

Step 1: Find the total cost price (C.P.)
The person bought the item for Rs. 1350 and spent Rs. 150 on transportation.
Total C.P. = Rs. 1350 + Rs. 150 = Rs. 1500
Step 2: Find the selling price (S.P.)
He sold the item for Rs. 1800. So,
S.P. = Rs. 1800
Step 3: Calculate the profit
Profit = S.P. - C.P. = Rs. 1800 - Rs. 1500 = Rs. 300
Step 4: Calculate profit percentage
Profit% = \( \frac{\text{Profit}}{\text{C.P.}} \times 100 = \frac{300}{1500} \times 100 = 20% \)