Question

Heera purchased a bag for ₹4500 and sold it for ₹8,200. What is the profit percentage? (Correct to two places of decimal)

• A. 82.22
• B. 73.62
• C. 45.12
• D. 52.42

Answer 1

The Correct Option is A

To determine the profit percentage when Heera sold the bag, we can follow these steps:

Step 1: Calculate the profit using the formula:

Profit = Selling Price - Cost Price

Given, Selling Price = ₹8,200 and Cost Price = ₹4,500.

Thus, Profit = ₹8,200 - ₹4,500 = ₹3,700.

Step 2: Calculate the profit percentage using the formula:

Profit Percentage = (Profit / Cost Price) × 100

Profit Percentage = (₹3,700 / ₹4,500) × 100.

Profit Percentage ≈ 82.2222.

Rounding off to two decimal places, the profit percentage is 82.22%.

Hence, the profit percentage is 82.22.