Profit & Loss Mcqs

Q.  A person purchased a TV set for Rs. 16000 and a DVD player for Rs. 6250. He sold both the items together for Rs. 31150. What percentage of profit did he make?

a. 30%
b. 35%
c. 40%
d. 45%
e. None of these


ANSWER: See Answer
 
The total CP = Rs. 16000 + Rs. 6250 = Rs. 22250 and SP = Rs. 31150

Profit(%) = (31150 – 22250)/22250 * 100 = 40%
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