Question

An article costs ₹ 55 but the shopkeeper charges ₹ 70 . Calculate his profit%.

• A. 15
• B. 27
• C. 27.27
• D. 27.7

Answer 1

The correct option is C

27.27

Cost price of the article = ₹ 85

Selling price of the article = ₹ 70

Profit = Selling price - Cost price

= 70 - 55

= ₹ 15

Profit % = $\frac{Profit}{CostPrice}$ $\times$ 100
= $\frac{15}{55}$ $\times$ 100
= 27.27 %