Question

A man buys an article for Rs. 27.50 and sells it for Rs 28.60. What is his profit percentage?

• A.
• B.
• C.
• D.

Answer 1

The correct option is D

We have C.P. = Rs 27.50
S.P. = Rs. 28.60
Gain = 28.60 - 27.50 = Rs 1.10
Profit percentage $=\frac{1.10}{27.50}\times 100=4\%$