Question

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

Answer 1

Given,
Cost price of the pen = ₹ 10
Selling price of the pen = ₹ 20

Now,
Profit = ₹ 20 - ₹ 10 = ₹ 10
Profit % =$\frac{profit}{costprice}$ x 100
= $\frac{₹10}{10}$ x 100 = 100 %
$\left[1mark\right]$