Question 73

A helmet is sold for ₹1,650 at a profit of 10%. If the selling price is ₹2,100, then what will be the profit percentage?

Solution

A helmet is sold for ₹1,650 at a profit of 10%.

Selling price = 1650

profit percentage = 10%

If we assume the cost price is equal to 100%, then the selling price will be (100+10)%.

110% = 1650

1% = 15

cost price = 100% = 1500

If the selling price is ₹2,100.

profit percentage = $$\frac{2100-1500}{1500}\times\ 100$$

= $$\frac{600}{1500}\times\ 100$$

= 40%

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