WBCS.LIVE practice question

A shopkeeper buys a book for Rs. 200 and sells it for Rs. 250. What is his profit percentage?

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

Answer options

  1. 20%
  2. 25%
  3. 30%
  4. 50%

Correct answer and explanation

Correct answer: 25%

Explanation: ✅ Correct Answer: B) 25% 📚 Explanation: Step by step solving: 1. Profit = Selling Price - Cost Price = 250 - 200 = Rs. 50. 2. Profit Percentage = (Profit ÷ Cost Price) × 100. 3. Calculation: (50 ÷ 200) × 100 = 1/4 × 100 = 25%. The shopkeeper earned a 25% profit on the transaction.