WBCS.LIVE practice question

A man buys an article for Rs. 80 and sells it for Rs. 100. Find his profit percentage.

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. 20%
  2. 30%
  3. 15%
  4. 25%

Correct answer and explanation

Correct answer: 25%

Explanation: āœ… Correct Answer: (D) 25% šŸ“š Explanation: Step-1: Calculate the profit. Profit = Selling Price - Cost Price = 100 - 80 = Rs. 20. Step-2: Calculate the profit percentage based on the Cost Price. Profit % = (Profit / CP) x 100. Step-3: Profit % = (20 / 80) x 100 = (1 / 4) x 100 = 25%.