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?
Q1. 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?
Answer: 40%
Explanation: Total cost = 16000+6250 = Rs. 22250; profit = 31150−22250 = 8900; profit% = (8900/22250)×100 = 40%.