Question

I bought an item for $\text{Rs.}5$ and sold it for $\text{Rs.}10.$ My profit is $25\%.$ I have no overhead charges.

• A. True
• B. False

Answer 1

The correct option is B

False

Without overhead charges, profit $\%$ is $\frac{\text{Selling Price-Cost Price}}{\text{Cost Price}}\times 100$

This gives profit $\%$ as $100\%.$

Hence, $25\%$ can’t be profit $\%.$