Mathematics · Profit and Loss

Mohan buys an old mobile for Rs. 4000 and spends Rs. 500 on its repairs. If he sells the mobile for Rs. 5000, then what is his profit percentage?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

19.09%
212.5%
313.5%
411.11%✓

Correct answer

11.11%

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Mohan buys an old mobile for Rs. 4000 and spends Rs. 500 on its repairs. If he sells the mobile for Rs. 5000, then what is his profit percentage?

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Mohan buys an old mobile for Rs. 4000 and spends Rs. 500 on its repairs. If he sells the mobile for Rs. 5000, then what is his profit percentage?

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