📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    A shopkeeper bought an article for Rs 800 and sold it

    for Rs 960. Find the profit and the profit percentage.
    A Profit = Rs 260, Profit % = 33% Correct Answer Incorrect Answer
    B Profit = Rs 460, Profit % = 28% Correct Answer Incorrect Answer
    C Profit = Rs 300, Profit % = 10% Correct Answer Incorrect Answer
    D Profit = Rs 160, Profit % = 20% Correct Answer Incorrect Answer

    Solution

    Cost Price (CP) = Rs 800 Selling Price (SP) = Rs 960 Profit = SP − CP = 960 − 800 = Rs 160 Profit % = (Profit / CP) × 100 = (160 / 800) × 100 = (1/5) × 100 = 20 Answer: Profit = Rs 160, Profit % = 20%

    Practice Next
    More Profit and loss Questions
    ask-question