Question

A cricket bat was purchased for $₹800$ and was sold for $₹1600$. Then profit earned is

• A. $100\%$
• B. $64\%$
• C. $50\%$
• D. $60\%$

Answer 1

The correct option is A

$100\%$

Explaination for correct answer-

CP of the bat = $₹800$

SP of the bat = $₹1600$

We know that,

$$\begin{gathered} \mathrm{Profit}=\mathrm{SP}-\mathrm{CP} \\ \mathrm{Profit}=1600-800 \\ \mathrm{Profit}=₹800 \end{gathered}$$

Now, we know that

$$\begin{gathered} Profit\%=\frac{Profit}{Costprice}\times 100 \\ Profit\%=\frac{800}{800}\times 100 \\ Profit\%=100\% \end{gathered}$$

Hence, option A is correct.