Question
A shopkeeper bought an item for Rs.240 and sold it for Rs.300. Find the profit percentage. (in %)
This question was previously asked in
RPF Constable 2018 Question Paper PDF (16-Feb-2019) (Shift 2)
The correct answer is
25
25 is correct.
The cost price is ₹240 and the selling price is ₹300; since the selling price is higher, the deal gives a profit.
Profit \(=300-240=60\), i.e. ₹60.
Gain is always expressed as a percent of the cost price.
Profit percent \(=\dfrac{60}{240}\times 100=25\%\).
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