Question

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

• A. 25%
• B. 50%
• C. 75%
• D. 100%

Answer 1

The correct option is C

75%

Given,
Selling price (SP) = ₹ 350
Cost price (CP) = ₹ 200

Since SP > CP, he has made a profit of ₹(SP - CP).

Profit = SP - CP = ₹ (350 - 200) = ₹ 150

$\text{Profit \%}=\frac{\text{Profit}}{\text{CP}}\times 100=\frac{150}{200}\times 100=75\%$