Question

The cost price of an article is Rs. $280$. The selling price of an article is Rs. $337.50$, while the other expenses cost Rs. $20$. Find profit or loss percentage.

• A. Profit $12\frac{1}{2}\%$
• B. Profit $5\%$
• C. Loss $5\%$
• D. Profit $10\%$

Answer 1

The correct option is A Profit $12\frac{1}{2}\%$

Cost price $=$ Rs. $280$
Other expenses $=$ Rs. $20$
Total Cost $=280+20=300$
Selling Price $=$ Rs. $337.50$
Profit $=337.50-300=37.50$
Profit $\%=\frac{37.5}{300}\times 100=12.5\%$