Question

A pen was purchased at ₹ 10 and was sold at ₹ 15. Find the profit percent.

• A. 15%
• B. 12%
• C. 50%
• D. 10%

Answer 1

The correct option is C

50%

Cost Price (CP) of the pen = ₹ 10

Selling Price (SP) of the pen = ₹ 15

Since SP > CP, we have a profit.

Profit = SP - CP

= ₹ 15 - ₹ 10

= ₹ 5

$\text{Profit}\%=\frac{\text{Profit}}{\text{CP}}\times 100$

$=\frac{₹5}{₹10}\times 100$

$=50\%$