Question

A man purchased an article at some price and sold it at price 15% more than what he had invested. Then the profit percentage for the man is

• A. 10%
• B. 15%
• C. 20%
• D. 16%

Answer 1

The correct option is B 15%

Let the cost price of the article = Rs. x
Selling price of the article = Rs 1.15x
Profit = Selling price - Cost price
= Rs 1.15x - Rs. x
= Rs. 0.15 x
Profit ~percentage $=\frac{0.15x}{x}\times 100=15$