Ashutosh bought a pen for ₹ 10 and sold it for ₹ 20. The profit percentage obtained by Ashutosh is .

100 %

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50 %

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75 %

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Solution

The correct option is A 100 %
Given,
Cost price of the pen = ₹ 10
Selling price of the pen = ₹ 20

Now,
Profit = ₹ 20 - ₹ 10 = ₹ 10
Profit % = $\frac{p r o f i t}{c o s t p r i c e}$ x 100
= $\frac{₹ 10}{10}$ x 100 = 100 %

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