Multiple choice

Ram purchased a second hand laptop for Rs. 10,000. He spent Rs. 5,000 on upgrading it. He then sold it for Rs. 20,000. What is his profit percentage?

  1. 34.81%

  2. 33.33%

  3. 35.8%

  4. 30%

  5. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Total cost = 10000 + 5000 = 15000. Selling price = 20000. Profit = 5000. Profit percentage = (5000 / 15000) * 100 = 33.33%.

AI explanation

The total cost price equals the purchase price plus the upgrade cost, which is 10000 + 5000 = 15000 rupees. The profit is calculated as 20000 - 15000 = 5000 rupees. Using the profit percentage formula, (5000 divided by 15000) multiplied by 100 equals a 33.33 percent profit.