A chair is bought for ₹600 and sold for ₹750. Find the profit percentage.
- A20%
- B30%
- C25%
- D35%
Solution & Step-by-step Explanation
Given:
Cost Price (CP) = ₹600
Selling Price (SP) = ₹750
Profit earned:
Profit=SP−CP=750−600=₹150
Profit percentage formula:
Profit Percentage=
CP
Profit
×100
Profit Percentage=
600
150
×100=
4
1
×100=25%
Cost Price (CP) = ₹600
Selling Price (SP) = ₹750
Profit earned:
Profit=SP−CP=750−600=₹150
Profit percentage formula:
Profit Percentage=
CP
Profit
×100
Profit Percentage=
600
150
×100=
4
1
×100=25%