Question

Ronny sold a cycle for ₹ 3,456 with a profit of ₹ 256. His profit percentage was ______.

• A. 8%
• B. 8%
• C. 10%
• D. 3%

Answer 1

The correct option is A 8%

Profit percentage = $\frac{Profit}{CostPrice}\times 100$

Here, Selling price = Rs.3,456
Profit = Rs.256
Cost Price = Selling Price - Profit
$\therefore$ Cost price = 3,456 - 256 = Rs. 3,200
$\therefore$ Profit Percentage = $\frac{256}{3200}\times 100$
= 8%