Question

Find profit or loss $\%$ when:
Cost Price $=\text{Rs.}1200$ and Selling Price $=\text{Rs.}1600$

• A. A loss of 33.33%
• B. A gain of 30%
• C. A gain of 300%
• D. A gain of 33.33%

Answer 1

The correct option is D A gain of 33.33%

Given, Cost Price$(C.P.)=\text{Rs.}1200$

Selling Price$(S.P.)=\text{Rs.}1600$

Since, $S.P.>C.P.$, there is a profit.

$\Rightarrow$ Profit $\%=\frac{S.P.-C.P.}{C.P.}\times 100$

$=\frac{1600-1200}{1200}\times 100$

$=\frac{400}{1200}\times 100$

$=33.33\%$