Question

Person "A" bought an item for Rs. 7250 and paid Rs.250 towards transportation. Then he sold it for Rs.9000. The profit percentage is (in %)

• A. 25
• B. 15
• C. 20
• D. 10

Answer 1

The Correct Option is C

The total cost price of the item is: \[ Cost Price = 7250 + 250 = 7500 \] The selling price is Rs. 9000. The profit is: \[ Profit = 9000 - 7500 = 1500 \] The profit percentage is: \[ Profit Percentage = \frac{Profit}{Cost Price} \times 100 = \frac{1500}{7500} \times 100 = 20% \] To calculate the profit percentage, divide the profit by the cost price and multiply by 100.