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Profit % Loss %

The cost pric...

Question

The cost price of a pen is Rs. 12. A shopkeeper sold it for Rs. 18. What is the percentage of profit obtained by the shopkeeper?

A

25%

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B

50%

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C

75%

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D

65%

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Solution

The correct option is B
50%

Since selling price is more than cost price, there is a profit.

Profit = S.P - C.P = 18 - 12 = Rs. 6

Profit percentage = $\frac{6}{12} \times 100 = 50$ %

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