Question

If cost price is ₹300 and selling price is ₹330, then what is the profit percentage?

• A. $12\%$
• B. $30\%$
• C. $15\%$
• D. $10\%$

Answer 1

The correct option is D

$10\%$

Cost Price (CP) = ₹300
Selling Price (SP) = ₹330
Since SP > CP, we have profit.
Profit = SP - CP = ₹330 - ₹300 = ₹30

$\text{Profit}\%=\frac{\text{Profit}}{\text{CP}}\times 100$
$=\frac{30}{300}\times 100=\frac{30}{3}\%=10\%$