Multiple choice

Chris purchased a second-hand air conditioner for Rs. 4,900 and spent Rs. 900 to refurbish it. What would be his profit percentage if he sold it for Rs. 6,200?

  1. 6.9%

  2. 7.56%

  3. 8.54%

  4. 9.23%

  5. 9.87%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Total cost price = 4900 + 900 = 5800. Profit = 6200 - 5800 = 400. Profit percentage = (400 / 5800) * 100 = 6.896%, which rounds to 6.9%.

AI explanation

The total cost price is the purchase price plus the refurbishment cost, which is 4900 + 900 = 5800 rupees. The profit is the selling price minus the total cost price, being 6200 - 5800 = 400 rupees. Using the profit percentage formula, (400 / 5800) * 100, we get approximately 6.9%.

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