Question
Download Solution PDFA chair is bought for ₹600 and sold for ₹750. Find the profit percentage.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost Price (CP) = ₹600
Selling Price (SP) = ₹750
Formula used:
Profit Percentage = \(\frac{SP - CP}{CP} \times 100\)
Calculations:
Profit = SP - CP
⇒ Profit = 750 - 600
⇒ Profit = 150
Profit Percentage = \(\frac{Profit}{CP} \times 100\)
⇒ Profit Percentage = \(\frac{150}{600} \times 100\)
⇒ Profit Percentage = 0.25 × 100
⇒ Profit Percentage = 25%
∴ The correct answer is option (3).
Last updated on Jul 15, 2025
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