Question

I bought a painting for ₹ 500 and paid ₹ 70 for transportation. Calculate the profit percentage if I sell the painting for ₹ 760.

• A. $33\%$
• B. $35\frac{1}{3}\%$
• C. $33\frac{1}{3}\%$
• D. $25\frac{2}{3}\%$

Answer 1

The correct option is C

$33\frac{1}{3}\%$

Total cost price = CP + Overheads

= 500 + 70

= ₹ 570

Selling price = ₹ 760

Profit = SP - CP

= ₹ 190

$\text{Profit}\%=\frac{\text{profit}}{CP}\times 100$

= $\frac{190}{570}\times 100$

= $33\frac{1}{3}$%