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If an item is sold for ₹120 with a cost price of ₹100, what is the profit percentage?
  • a)
    25%
  • b)
    20%
  • c)
    15%
  • d)
    10%
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
If an item is sold for ₹120 with a cost price of ₹100, what is the pro...
Profit = Selling Price - Cost Price = ₹120 - ₹100 = ₹20. The profit percentage is calculated as (Profit / Cost Price) × 100 = (20 / 100) × 100 = 20%. This percentage helps assess the profitability of the sale.
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