A shopkeeper buys an article for Rs. 480 and sells it for Rs. 600. What is his profit percentage?

Question

Geeta sells A \(→\) 20% (Profit) and B \(→\) 10% (Loss) at the same sp. If she increases SP such that A and B still sold at an equal price and profit of 10% made on B, then profit made on A will be?

Answer 1

Step 1: Profit \(= 600 - 480 = 120\).
Step 2: Profit\% \(= \dfrac{120}{480}\times100 = 25\%\).

Quick Tip: Profit percent is always taken on the cost price, not the selling price.

A shopkeeper buys an article for Rs. 480 and sells it for Rs. 600. What is his profit percentage?

The Correct Option is B

Solution and Explanation

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