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    Question

    A shopkeeper bought a mobile phone for Rs. 18,500 and

    sold it for Rs. 21,275. What percentage of profit did he earn in this transaction?
    A 15% Correct Answer Incorrect Answer
    B 10% Correct Answer Incorrect Answer
    C 18% Correct Answer Incorrect Answer
    D 24% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Percentage of profit earned

    = [(21,275 - 18,500) Γ· 18,500] Γ— 100

    = 15%

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