A man bought an old typewriter for $ 1200 and spent $ 200

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A man bought an old typewriter for $ 1200 and spent $ 200 on its repair. He sold it for $ 1680. His profit percent is :

1. 20%
2. 10%
3. 8%
4. 16%

Correct Option: A

Given Here , Total cost of typewriter ( C.P. ) = $ (1200 + 200) =$ 1400
S.P. = $ 1680
Profit = Selling Price - Cost Price
Profit = $ (1680 – 1400) = $ 280

∴ Profit % =	Profit	× 100
	Total cost of typewriter

Profit % =	280	× 100 = 20%
	1400