Question

By selling an item for Rs. 100, a man gains Rs. 30, then his profit percentage is:

• A. 30%
• B. 33.33%
• C. 42.86%
• D. 41.67%
• E. None of the above

Answer 1

The correct option is C 42.86%

By selling an item for Rs. 100, he gains $Rs.30\Rightarrow CP=100-30=Rs.70$
Therefore, profit percentage $=\frac{30}{70}\times 100=42.86\%$