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Profit

A. 17 %B. 20 ...

Question

A shopkeeper has bought 1 kg of apples for ₹100. And sold it for ₹120 per kg. What is the percentage of profit gained by the shopkeeper.

A

13%

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B

17%

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C

20%

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D

23%

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Solution

The correct option is C 20%
Cost price $= ₹ 100$
Selling price $₹ 120$
Profit = Selling price - Cost price
= ₹ $(120 - 100) = ₹ 20$
Profit percentage $= \frac{20}{100}$ x $100$ $= 20 %$

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