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An article is bought for Rs 600 and sold for Rs 750. What is the profit percentage?
- a)20%
- b)25%
- c)30%
- d)None of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
An article is bought for Rs 600 and sold for Rs 750. What is the profi...
Total Profit = 750 - 600 = 150 rs
Percentage of Profit = 150/600 = 25%
Hence he makes 25% profit on his investment/ principal amount.
Most Upvoted Answer
An article is bought for Rs 600 and sold for Rs 750. What is the profi...
Profit Percentage Calculation:
To determine the profit percentage, we need to calculate the profit first. The profit is the difference between the selling price and the cost price.
Given:
Cost price (CP) = Rs 600
Selling price (SP) = Rs 750
Profit Calculation:
Profit = SP - CP
Profit = Rs 750 - Rs 600
Profit = Rs 150
Profit Percentage Calculation:
Profit percentage is calculated by dividing the profit by the cost price and then multiplying by 100.
Profit Percentage = (Profit / CP) * 100
Substituting the values:
Profit Percentage = (150 / 600) * 100
Profit Percentage = 0.25 * 100
Profit Percentage = 25%
Explanation:
The profit percentage is 25%. This means that the seller made a profit of 25% on the cost price of the article. In other words, for every Rs 100 of cost price, the seller made a profit of Rs 25.
To determine the profit percentage, we need to calculate the profit first. The profit is the difference between the selling price and the cost price.
Given:
Cost price (CP) = Rs 600
Selling price (SP) = Rs 750
Profit Calculation:
Profit = SP - CP
Profit = Rs 750 - Rs 600
Profit = Rs 150
Profit Percentage Calculation:
Profit percentage is calculated by dividing the profit by the cost price and then multiplying by 100.
Profit Percentage = (Profit / CP) * 100
Substituting the values:
Profit Percentage = (150 / 600) * 100
Profit Percentage = 0.25 * 100
Profit Percentage = 25%
Explanation:
The profit percentage is 25%. This means that the seller made a profit of 25% on the cost price of the article. In other words, for every Rs 100 of cost price, the seller made a profit of Rs 25.
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