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?
A. 30%
B. 35%
C. 40%
D. 45%
E. None of these
Explanation:
The total CP = Rs. 16000 + Rs. 6250 = Rs. 22250 and SP = Rs. 31150
Profit(%) = (31150 – 22250)/22250 * 100 = 40%