MemberJune 22, 2023 at 5:09 pm::
To calculate the percentage of profit,
*The cost price of the refrigerator = 11,500 rupees. *The man spent an additional rupees to fix the refrigerator is = 1500. Therefore, the total cost spent by the man is =
11,500 + 1,500 = 13,000 rupees.
The selling price of the refrigerator is 15,500 rupees.
To calculate the profit, we subtract the cost price from the selling price:
Profit = Selling price – Cost price
Profit = 15,500 – 13,000 = 2,500 rupees.
Now, we can calculate the percentage of profit by dividing the profit by the cost price and multiplying by 100:
Percentage of Profit = (Profit / Cost price) * 100
Percentage of Profit = (2,500 / 13,000) * 100 ≈ 19.23%
Therefore, the man made approximately a 19.23% profit through this transaction.