Question

What is the profit percent acquired when the cost price is ₹200 and selling price is ₹350?

• A. 25%
• B. 50%
• C. 75%
• D. 100%

Answer 1

The correct option is C

75%

We first find the profit acquired.

Profit = S.P - C.P
= ₹(350 - 200)
= ₹150

$\therefore \text{Profit \%}=\frac{\text{Profit}}{\text{C.P}}\times 100=\frac{150}{200}\times 100=75\%$