Question 53
The cost price of an article is ₹1440 and its selling price is ₹1800. What is the profit percentage?
Solution
the cost price of an article = ₹1440
the selling price of an article = ₹1800
profit percentage = $$\frac{\left(selling\ price\ -\cos t\ price\right)}{\cos t\ price}\times100$$
= $$\frac{\left(1800\ -1440\right)}{1440}\times100$$
= $$\frac{360}{1440}\times100$$
= 25%
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