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Prices / Charges Related to Buying and Selling

Rajesh bought...

Question

Rajesh bought an arm-chair for Rs. $2200$ and sold it for Rs. $2420$ . Find his profit percent.

5 %

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10 %

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12 %

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15 %

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Solution

The correct option is B $10 %$
Here, $C P = 2200 R s, S P = 2420 R s$

$P r o f i t = S P - C P = 2420 - 2200 = 220 R s$

$P r o f i t P e r c e n t a g e = \frac{P r o f i t \times 100}{C P} = \frac{220 \times 100}{2200} = 10 %$

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