Question

A cricket bat was purchased for Rs. 800 and was sold for Rs. 1600. Then, profit earned is

(a) 100 %
(b) 64 %
(c) 50 %
(d) 60 %

Answer 1

Given, cost price of cricket bat = Rs. 800
and selling price of cricket bat = Rs. 1600
$\therefore$ Profit = SP - CP = Rs. (1600 - 800) = Rs. 800
We know that,
$Profit\%=\frac{Profit}{CP}\times 100\%=\frac{800}{800}\times 100\%=100\%$
Hence, profit earned is 100 %.
Therefore, the correct option is A (100%)