WBCS.LIVE practice question

A man purchased an item for Rs.1200, spent Rs.300 on its repairs and sold it for Rs.1500. What is the profit percentage?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

$33 \frac{1}{3} %$
33%
66.66%
40%

Correct answer and explanation

Correct answer: $33 \frac{1}{3} %$