Question 53

The cost price of an article is ₹1440 and its selling price is ₹1800. What is the profit percentage?

Solution

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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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